This property looks like a bad Long-Term investment with a projected -15.22% first-year return on $88,200 initial cash invested.
-15.22%
Cash On Cash
3.41%
Cap Rate
0.54
DSCR
$1,989
Rent
-$1,119
Cashflow
Cash Flow
$1,989 income − $3,108 expenses = $1,119 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
$1,989
Total Expenses
$3,108
Mortgage P&I
111%
$2,212
Property Taxes
12%
$233
Home Insurance
7%
$147
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0