This property looks like a bad Long-Term investment with a projected -15.08% first-year return on $88,326 initial cash invested.
-15.08%
Cash On Cash
3.65%
Cap Rate
0.56
DSCR
$2,441
Rent
-$1,110
Cashflow
Cash Flow
$2,441 income − $3,551 expenses = $1,110 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,441
Total Expenses
$3,551
Mortgage P&I
93%
$2,269
Property Taxes
20%
$498
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0