This property looks like a bad Long-Term investment with a projected -11.8% first-year return on $88,179 initial cash invested.
-11.8%
Cash On Cash
4.41%
Cap Rate
0.68
DSCR
$2,717
Rent
-$867
Cashflow
Cash Flow
$2,717 income − $3,584 expenses = $867 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,179
Downpayment
20%
$83,980
Closing costs
1%
$4,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,717
Total Expenses
$3,584
Mortgage P&I
84%
$2,273
Property Taxes
14%
$371
Home Insurance
5%
$147
HOA
3%
$86
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0