This property looks like a bad Long-Term investment with a projected -19.82% first-year return on $88,389 initial cash invested.
-19.82%
Cash On Cash
2.87%
Cap Rate
0.43
DSCR
$2,598
Rent
-$1,460
Cashflow
Cash Flow
$2,598 income − $4,058 expenses = $1,460 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,389
Downpayment
20%
$84,180
Closing costs
1%
$4,209
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,598
Total Expenses
$4,058
Mortgage P&I
90%
$2,338
Property Taxes
34%
$877
Home Insurance
5%
$136
HOA
1%
$31
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0