This property looks like a bad Long-Term investment with a projected -17.58% first-year return on $89,061 initial cash invested.
-17.58%
Cash On Cash
3.14%
Cap Rate
0.49
DSCR
$2,756
Rent
-$1,305
Cashflow
Cash Flow
$2,756 income − $4,061 expenses = $1,305 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,061
Downpayment
20%
$84,820
Closing costs
1%
$4,241
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,756
Total Expenses
$4,061
Mortgage P&I
83%
$2,276
Property Taxes
32%
$873
Home Insurance
5%
$150
HOA
2%
$45
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0