This property looks like a bad Long-Term investment with a projected -9.47% first-year return on $89,943 initial cash invested.
-9.47%
Cash On Cash
4.98%
Cap Rate
0.75
DSCR
$2,506
Rent
-$710
Cashflow
Cash Flow
$2,506 income − $3,216 expenses = $710 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,943
Downpayment
20%
$85,660
Closing costs
1%
$4,283
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,506
Total Expenses
$3,216
Mortgage P&I
94%
$2,364
Property Taxes
4%
$96
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0