This property looks like a bad Long-Term investment with a projected -3.36% first-year return on $89,607 initial cash invested.
-3.36%
Cash On Cash
6.26%
Cap Rate
0.96
DSCR
$3,033
Rent
-$251
Cashflow
Cash Flow
$3,033 income − $3,284 expenses = $251 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,033
Total Expenses
$3,284
Mortgage P&I
77%
$2,326
Property Taxes
1%
$20
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0