This property looks like a bad Long-Term investment with a projected -6.9% first-year return on $89,901 initial cash invested.
-6.9%
Cash On Cash
5.16%
Cap Rate
0.84
DSCR
$3,493
Rent
-$517
Cashflow
Cash Flow
$3,493 income − $4,010 expenses = $517 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,901
Downpayment
20%
$85,620
Closing costs
1%
$4,281
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,493
Total Expenses
$4,010
Mortgage P&I
63%
$2,183
Property Taxes
22%
$757
Home Insurance
5%
$161
HOA
0%
$0
Property Management
10%
$349
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0