This property looks like a bad Long-Term investment with a projected -21.44% first-year return on $88,599 initial cash invested.
-21.44%
Cash On Cash
2.4%
Cap Rate
0.36
DSCR
$2,063
Rent
-$1,583
Cashflow
Cash Flow
$2,063 income − $3,646 expenses = $1,583 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,599
Downpayment
20%
$84,380
Closing costs
1%
$4,219
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,063
Total Expenses
$3,646
Mortgage P&I
113%
$2,325
Property Taxes
30%
$627
Home Insurance
8%
$158
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0