This property looks like a bad Long-Term investment with a projected -14.37% first-year return on $88,368 initial cash invested.
-14.37%
Cash On Cash
3.81%
Cap Rate
0.59
DSCR
$2,399
Rent
-$1,058
Cashflow
Cash Flow
$2,399 income − $3,457 expenses = $1,058 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,368
Downpayment
20%
$84,160
Closing costs
1%
$4,208
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,399
Total Expenses
$3,457
Mortgage P&I
95%
$2,273
Property Taxes
17%
$411
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0