This property looks like a bad Long-Term investment with a projected -8.78% first-year return on $89,796 initial cash invested.
-8.78%
Cash On Cash
4.79%
Cap Rate
0.77
DSCR
$2,889
Rent
-$657
Cashflow
Cash Flow
$2,889 income − $3,546 expenses = $657 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,796
Downpayment
20%
$85,520
Closing costs
1%
$4,276
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,889
Total Expenses
$3,546
Mortgage P&I
77%
$2,220
Property Taxes
12%
$336
Home Insurance
5%
$152
HOA
3%
$88
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0