This property looks like a bad Long-Term investment with a projected -10.63% first-year return on $88,620 initial cash invested.
-10.63%
Cash On Cash
4.72%
Cap Rate
0.72
DSCR
$2,571
Rent
-$785
Cashflow
Cash Flow
$2,571 income − $3,356 expenses = $785 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,620
Downpayment
20%
$84,400
Closing costs
1%
$4,220
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,571
Total Expenses
$3,356
Mortgage P&I
90%
$2,315
Property Taxes
8%
$200
Home Insurance
6%
$147
HOA
1%
$25
Property Management
10%
$257
CapEx
5%
$129
Vacancy
6%
$154
Maintenance
5%
$129
Other
0%
$0