This property looks like a bad Long-Term investment with a projected -10.72% first-year return on $89,670 initial cash invested.
-10.72%
Cash On Cash
4.51%
Cap Rate
0.71
DSCR
$2,901
Rent
-$801
Cashflow
Cash Flow
$2,901 income − $3,702 expenses = $801 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,670
Downpayment
20%
$85,400
Closing costs
1%
$4,270
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,901
Total Expenses
$3,702
Mortgage P&I
78%
$2,261
Property Taxes
17%
$479
Home Insurance
7%
$208
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0