This property looks like a bad Long-Term investment with a projected -15.8% first-year return on $88,200 initial cash invested.
-15.8%
Cash On Cash
3.63%
Cap Rate
0.55
DSCR
$2,106
Rent
-$1,161
Cashflow
Cash Flow
$2,106 income − $3,267 expenses = $1,161 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,106
Total Expenses
$3,267
Mortgage P&I
111%
$2,328
Property Taxes
12%
$245
Home Insurance
7%
$147
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0