This property looks like a bad Long-Term investment with a projected -9.73% first-year return on $88,431 initial cash invested.
-9.73%
Cash On Cash
4.65%
Cap Rate
0.73
DSCR
$2,528
Rent
-$717
Cashflow
Cash Flow
$2,528 income − $3,245 expenses = $717 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,431
Downpayment
20%
$84,220
Closing costs
1%
$4,211
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,528
Total Expenses
$3,245
Mortgage P&I
88%
$2,224
Property Taxes
9%
$217
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0