This property looks like a bad Long-Term investment with a projected -12.95% first-year return on $88,935 initial cash invested.
-12.95%
Cash On Cash
4.3%
Cap Rate
0.65
DSCR
$2,888
Rent
-$960
Cashflow
Cash Flow
$2,888 income − $3,848 expenses = $960 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,935
Downpayment
20%
$84,700
Closing costs
1%
$4,235
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,888
Total Expenses
$3,848
Mortgage P&I
81%
$2,334
Property Taxes
21%
$612
Home Insurance
5%
$152
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0