This property looks like a bad Long-Term investment with a projected -18.45% first-year return on $88,198 initial cash invested.
-18.45%
Cash On Cash
3.02%
Cap Rate
0.46
DSCR
$1,887
Rent
-$1,356
Cashflow
Cash Flow
$1,887 income − $3,243 expenses = $1,356 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,198
Downpayment
20%
$83,998
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,887
Total Expenses
$3,243
Mortgage P&I
123%
$2,320
Property Taxes
15%
$286
Home Insurance
8%
$147
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0