This property looks like a bad Long-Term investment with a projected -6.57% first-year return on $88,200 initial cash invested.
-6.57%
Cash On Cash
5.25%
Cap Rate
0.84
DSCR
$2,776
Rent
-$483
Cashflow
Cash Flow
$2,776 income − $3,259 expenses = $483 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,776
Total Expenses
$3,259
Mortgage P&I
79%
$2,182
Property Taxes
7%
$207
Home Insurance
5%
$147
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0