This property looks like a bad Long-Term investment with a projected -21.61% first-year return on $88,662 initial cash invested.
-21.61%
Cash On Cash
1.92%
Cap Rate
0.31
DSCR
$2,130
Rent
-$1,597
Cashflow
Cash Flow
$2,130 income − $3,727 expenses = $1,597 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,662
Downpayment
20%
$84,440
Closing costs
1%
$4,222
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,130
Total Expenses
$3,727
Mortgage P&I
102%
$2,165
Property Taxes
38%
$812
Home Insurance
7%
$152
HOA
2%
$45
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0