This property looks like a bad Long-Term investment with a projected -11.93% first-year return on $88,137 initial cash invested.
-11.93%
Cash On Cash
4.5%
Cap Rate
0.68
DSCR
$2,418
Rent
-$876
Cashflow
Cash Flow
$2,418 income − $3,294 expenses = $876 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,137
Downpayment
20%
$83,940
Closing costs
1%
$4,197
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,418
Total Expenses
$3,294
Mortgage P&I
96%
$2,330
Property Taxes
8%
$193
Home Insurance
6%
$142
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0