This property looks like a bad Long-Term investment with a projected -9.46% first-year return on $88,158 initial cash invested.
-9.46%
Cash On Cash
4.63%
Cap Rate
0.74
DSCR
$2,553
Rent
-$695
Cashflow
Cash Flow
$2,553 income − $3,248 expenses = $695 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,158
Downpayment
20%
$83,960
Closing costs
1%
$4,198
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,553
Total Expenses
$3,248
Mortgage P&I
86%
$2,187
Property Taxes
10%
$248
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0