This property looks like a bad Long-Term investment with a projected -23.03% first-year return on $88,200 initial cash invested.
-23.03%
Cash On Cash
1.56%
Cap Rate
0.25
DSCR
$1,745
Rent
-$1,693
Cashflow
Cash Flow
$1,745 income − $3,438 expenses = $1,693 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,745
Total Expenses
$3,438
Mortgage P&I
123%
$2,151
Property Taxes
39%
$687
Home Insurance
8%
$147
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0