This property looks like a bad Long-Term investment with a projected -12.27% first-year return on $88,116 initial cash invested.
-12.27%
Cash On Cash
4.47%
Cap Rate
0.67
DSCR
$2,674
Rent
-$901
Cashflow
Cash Flow
$2,674 income − $3,575 expenses = $901 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,116
Downpayment
20%
$83,920
Closing costs
1%
$4,196
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,674
Total Expenses
$3,575
Mortgage P&I
87%
$2,329
Property Taxes
15%
$400
Home Insurance
6%
$151
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0