This property looks like a bad Long-Term investment with a projected -18.83% first-year return on $88,200 initial cash invested.
-18.83%
Cash On Cash
2.67%
Cap Rate
0.42
DSCR
$1,545
Rent
-$1,384
Cashflow
Cash Flow
$1,545 income − $2,929 expenses = $1,384 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,545
Total Expenses
$2,929
Mortgage P&I
145%
$2,243
Property Taxes
9%
$138
Home Insurance
10%
$147
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0