This property looks like a bad Long-Term investment with a projected -7.97% first-year return on $88,179 initial cash invested.
-7.97%
Cash On Cash
5.21%
Cap Rate
0.81
DSCR
$3,319
Rent
-$586
Cashflow
Cash Flow
$3,319 income − $3,905 expenses = $586 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,319
Total Expenses
$3,905
Mortgage P&I
68%
$2,243
Property Taxes
20%
$650
Home Insurance
4%
$149
HOA
0%
$0
Property Management
10%
$332
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0