This property looks like a bad Long-Term investment with a projected -15.68% first-year return on $88,641 initial cash invested.
-15.68%
Cash On Cash
3.74%
Cap Rate
0.56
DSCR
$2,253
Rent
-$1,158
Cashflow
Cash Flow
$2,253 income − $3,411 expenses = $1,158 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,641
Downpayment
20%
$84,420
Closing costs
1%
$4,221
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,253
Total Expenses
$3,411
Mortgage P&I
105%
$2,360
Property Taxes
14%
$320
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0