This property looks like a bad Long-Term investment with a projected -12.96% first-year return on $88,116 initial cash invested.
-12.96%
Cash On Cash
3.96%
Cap Rate
0.63
DSCR
$2,443
Rent
-$952
Cashflow
Cash Flow
$2,443 income − $3,395 expenses = $952 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,116
Downpayment
20%
$83,920
Closing costs
1%
$4,196
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,443
Total Expenses
$3,395
Mortgage P&I
91%
$2,216
Property Taxes
16%
$394
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0