This property looks like a bad Long-Term investment with a projected -21.51% first-year return on $89,943 initial cash invested.
-21.51%
Cash On Cash
2.47%
Cap Rate
0.37
DSCR
$1,982
Rent
-$1,612
Cashflow
Cash Flow
$1,982 income − $3,594 expenses = $1,612 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,943
Downpayment
20%
$85,660
Closing costs
1%
$4,283
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,982
Total Expenses
$3,594
Mortgage P&I
121%
$2,393
Property Taxes
27%
$532
Home Insurance
8%
$154
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0