This property looks like a bad Long-Term investment with a projected -15.71% first-year return on $88,200 initial cash invested.
-15.71%
Cash On Cash
3.44%
Cap Rate
0.54
DSCR
$2,515
Rent
-$1,155
Cashflow
Cash Flow
$2,515 income − $3,670 expenses = $1,155 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,200
Downpayment
20%
$84,000
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,515
Total Expenses
$3,670
Mortgage P&I
89%
$2,233
Property Taxes
25%
$624
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0