This property looks like a bad Long-Term investment with a projected -15.17% first-year return on $89,796 initial cash invested.
-15.17%
Cash On Cash
3.82%
Cap Rate
0.57
DSCR
$2,499
Rent
-$1,135
Cashflow
Cash Flow
$2,499 income − $3,634 expenses = $1,135 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,499
Total Expenses
$3,634
Mortgage P&I
95%
$2,372
Property Taxes
18%
$444
Home Insurance
7%
$168
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0