This property looks like a bad Long-Term investment with a projected -14.48% first-year return on $89,586 initial cash invested.
-14.48%
Cash On Cash
3.73%
Cap Rate
0.58
DSCR
$2,700
Rent
-$1,081
Cashflow
Cash Flow
$2,700 income − $3,781 expenses = $1,081 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,586
Downpayment
20%
$85,320
Closing costs
1%
$4,266
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,700
Total Expenses
$3,781
Mortgage P&I
84%
$2,272
Property Taxes
19%
$523
Home Insurance
6%
$154
HOA
5%
$130
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0