This property looks like a bad Long-Term investment with a projected -13.22% first-year return on $89,565 initial cash invested.
-13.22%
Cash On Cash
4.18%
Cap Rate
0.63
DSCR
$2,425
Rent
-$987
Cashflow
Cash Flow
$2,425 income − $3,412 expenses = $987 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,565
Downpayment
20%
$85,300
Closing costs
1%
$4,265
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,425
Total Expenses
$3,412
Mortgage P&I
97%
$2,350
Property Taxes
8%
$205
Home Insurance
8%
$198
HOA
1%
$29
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0