This property looks like a bad Long-Term investment with a projected -15.59% first-year return on $89,964 initial cash invested.
-15.59%
Cash On Cash
3.2%
Cap Rate
0.52
DSCR
$1,922
Rent
-$1,169
Cashflow
Cash Flow
$1,922 income − $3,091 expenses = $1,169 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,964
Downpayment
20%
$85,680
Closing costs
1%
$4,284
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,922
Total Expenses
$3,091
Mortgage P&I
115%
$2,217
Property Taxes
11%
$220
Home Insurance
8%
$155
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0