This property looks like a bad Long-Term investment with a projected -14.25% first-year return on $88,095 initial cash invested.
-14.25%
Cash On Cash
3.95%
Cap Rate
0.6
DSCR
$2,193
Rent
-$1,046
Cashflow
Cash Flow
$2,193 income − $3,239 expenses = $1,046 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
$2,193
Total Expenses
$3,239
Mortgage P&I
106%
$2,318
Property Taxes
9%
$203
Home Insurance
7%
$147
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0