This property looks like a bad Long-Term investment with a projected -12.53% first-year return on $89,607 initial cash invested.
-12.53%
Cash On Cash
3.9%
Cap Rate
0.63
DSCR
$2,156
Rent
-$936
Cashflow
Cash Flow
$2,156 income − $3,092 expenses = $936 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,607
Downpayment
20%
$85,340
Closing costs
1%
$4,267
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,156
Total Expenses
$3,092
Mortgage P&I
103%
$2,214
Property Taxes
8%
$164
Home Insurance
7%
$153
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0