This property looks like a bad Long-Term investment with a projected -13.58% first-year return on $88,200 initial cash invested.
-13.58%
Cash On Cash
4.07%
Cap Rate
0.62
DSCR
$2,404
Rent
-$998
Cashflow
Cash Flow
$2,404 income − $3,402 expenses = $998 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,200
Downpayment
20%
$84,000
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,404
Total Expenses
$3,402
Mortgage P&I
96%
$2,302
Property Taxes
14%
$329
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0