This property looks like a bad Long-Term investment with a projected -5.56% first-year return on $88,704 initial cash invested.
-5.56%
Cash On Cash
5.67%
Cap Rate
0.89
DSCR
$3,375
Rent
-$411
Cashflow
Cash Flow
$3,375 income − $3,786 expenses = $411 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,704
Downpayment
20%
$84,480
Closing costs
1%
$4,224
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,375
Total Expenses
$3,786
Mortgage P&I
66%
$2,237
Property Taxes
16%
$524
Home Insurance
4%
$147
HOA
0%
$0
Property Management
10%
$338
CapEx
5%
$169
Vacancy
6%
$202
Maintenance
5%
$169
Other
0%
$0