This property looks like a bad Long-Term investment with a projected -16.15% first-year return on $89,607 initial cash invested.
-16.15%
Cash On Cash
3.4%
Cap Rate
0.52
DSCR
$2,113
Rent
-$1,206
Cashflow
Cash Flow
$2,113 income − $3,319 expenses = $1,206 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,607
Downpayment
20%
$85,340
Closing costs
1%
$4,267
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,113
Total Expenses
$3,319
Mortgage P&I
109%
$2,308
Property Taxes
15%
$312
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0