This property looks like a bad Long-Term investment with a projected -24.89% first-year return on $88,179 initial cash invested.
-24.89%
Cash On Cash
1.62%
Cap Rate
0.24
DSCR
$1,393
Rent
-$1,829
Cashflow
Cash Flow
$1,393 income − $3,222 expenses = $1,829 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,393
Total Expenses
$3,222
Mortgage P&I
167%
$2,327
Property Taxes
28%
$385
Home Insurance
11%
$147
HOA
0%
$0
Property Management
10%
$139
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0