This property looks like a bad Long-Term investment with a projected -15.57% first-year return on $88,494 initial cash invested.
-15.57%
Cash On Cash
3.33%
Cap Rate
0.53
DSCR
$2,589
Rent
-$1,148
Cashflow
Cash Flow
$2,589 income − $3,737 expenses = $1,148 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,494
Downpayment
20%
$84,280
Closing costs
1%
$4,214
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,589
Total Expenses
$3,737
Mortgage P&I
84%
$2,187
Property Taxes
28%
$729
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0