This property looks like a bad Long-Term investment with a projected -12.2% first-year return on $89,838 initial cash invested.
-12.2%
Cash On Cash
3.94%
Cap Rate
0.64
DSCR
$2,517
Rent
-$913
Cashflow
Cash Flow
$2,517 income − $3,430 expenses = $913 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,838
Downpayment
20%
$85,560
Closing costs
1%
$4,278
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,517
Total Expenses
$3,430
Mortgage P&I
87%
$2,192
Property Taxes
17%
$433
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0