This property looks like a bad Long-Term investment with a projected -16.9% first-year return on $89,964 initial cash invested.
-16.9%
Cash On Cash
3.24%
Cap Rate
0.5
DSCR
$2,117
Rent
-$1,267
Cashflow
Cash Flow
$2,117 income − $3,384 expenses = $1,267 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,964
Downpayment
20%
$85,680
Closing costs
1%
$4,284
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,117
Total Expenses
$3,384
Mortgage P&I
109%
$2,317
Property Taxes
17%
$366
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0