This property looks like a bad Long-Term investment with a projected -11.42% first-year return on $88,263 initial cash invested.
-11.42%
Cash On Cash
4.62%
Cap Rate
0.7
DSCR
$3,070
Rent
-$840
Cashflow
Cash Flow
$3,070 income − $3,910 expenses = $840 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,263
Downpayment
20%
$84,060
Closing costs
1%
$4,203
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,070
Total Expenses
$3,910
Mortgage P&I
75%
$2,304
Property Taxes
21%
$658
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$307
CapEx
5%
$154
Vacancy
6%
$184
Maintenance
5%
$154
Other
0%
$0