This property looks like a bad Long-Term investment with a projected -8.77% first-year return on $89,040 initial cash invested.
-8.77%
Cash On Cash
5.17%
Cap Rate
0.78
DSCR
$2,837
Rent
-$651
Cashflow
Cash Flow
$2,837 income − $3,488 expenses = $651 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,040
Downpayment
20%
$84,800
Closing costs
1%
$4,240
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,837
Total Expenses
$3,488
Mortgage P&I
82%
$2,336
Property Taxes
9%
$256
Home Insurance
5%
$150
HOA
0%
$8
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0