This property looks like a bad Long-Term investment with a projected -16.11% first-year return on $88,095 initial cash invested.
-16.11%
Cash On Cash
3.57%
Cap Rate
0.54
DSCR
$2,074
Rent
-$1,183
Cashflow
Cash Flow
$2,074 income − $3,257 expenses = $1,183 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,095
Downpayment
20%
$83,900
Closing costs
1%
$4,195
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,074
Total Expenses
$3,257
Mortgage P&I
112%
$2,328
Property Taxes
12%
$240
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0