This property looks like a bad Long-Term investment with a projected -12.45% first-year return on $88,515 initial cash invested.
-12.45%
Cash On Cash
4.27%
Cap Rate
0.66
DSCR
$2,854
Rent
-$918
Cashflow
Cash Flow
$2,854 income − $3,772 expenses = $918 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,515
Downpayment
20%
$84,300
Closing costs
1%
$4,215
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,854
Total Expenses
$3,772
Mortgage P&I
80%
$2,275
Property Taxes
21%
$610
Home Insurance
5%
$145
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0