This property looks like a bad Long-Term investment with a projected -14.83% first-year return on $88,452 initial cash invested.
-14.83%
Cash On Cash
3.84%
Cap Rate
0.58
DSCR
$2,160
Rent
-$1,093
Cashflow
Cash Flow
$2,160 income − $3,253 expenses = $1,093 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,452
Downpayment
20%
$84,240
Closing costs
1%
$4,212
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,160
Total Expenses
$3,253
Mortgage P&I
108%
$2,332
Property Taxes
9%
$205
Home Insurance
7%
$151
HOA
0%
$3
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0