This property looks like a bad Long-Term investment with a projected -8.82% first-year return on $88,578 initial cash invested.
-8.82%
Cash On Cash
4.73%
Cap Rate
0.76
DSCR
$2,545
Rent
-$651
Cashflow
Cash Flow
$2,545 income − $3,196 expenses = $651 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,578
Downpayment
20%
$84,360
Closing costs
1%
$4,218
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,545
Total Expenses
$3,196
Mortgage P&I
86%
$2,188
Property Taxes
8%
$197
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0