This property looks like a bad Long-Term investment with a projected -11.72% first-year return on $88,326 initial cash invested.
-11.72%
Cash On Cash
4.44%
Cap Rate
0.67
DSCR
$2,258
Rent
-$863
Cashflow
Cash Flow
$2,258 income − $3,121 expenses = $863 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,326
Downpayment
20%
$84,120
Closing costs
1%
$4,206
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,258
Total Expenses
$3,121
Mortgage P&I
102%
$2,305
Property Taxes
4%
$82
Home Insurance
7%
$147
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0