This property looks like a bad Long-Term investment with a projected -21.47% first-year return on $88,200 initial cash invested.
-21.47%
Cash On Cash
2.06%
Cap Rate
0.33
DSCR
$1,652
Rent
-$1,578
Cashflow
Cash Flow
$1,652 income − $3,230 expenses = $1,578 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,652
Total Expenses
$3,230
Mortgage P&I
134%
$2,216
Property Taxes
23%
$383
Home Insurance
12%
$201
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0