This property looks like a bad Long-Term investment with a projected -25.62% first-year return on $89,838 initial cash invested.
-25.62%
Cash On Cash
1.57%
Cap Rate
0.24
DSCR
$2,429
Rent
-$1,918
Cashflow
Cash Flow
$2,429 income − $4,347 expenses = $1,918 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,429
Total Expenses
$4,347
Mortgage P&I
97%
$2,356
Property Taxes
25%
$616
Home Insurance
6%
$154
HOA
24%
$590
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0