This property looks like a bad Long-Term investment with a projected -10.3% first-year return on $88,200 initial cash invested.
-10.3%
Cash On Cash
4.79%
Cap Rate
0.73
DSCR
$2,626
Rent
-$757
Cashflow
Cash Flow
$2,626 income − $3,383 expenses = $757 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,200
Downpayment
20%
$84,000
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,626
Total Expenses
$3,383
Mortgage P&I
88%
$2,301
Property Taxes
9%
$242
Home Insurance
6%
$149
HOA
0%
$8
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0