This property looks like a bad Long-Term investment with a projected -11.5% first-year return on $89,922 initial cash invested.
-11.5%
Cash On Cash
4.07%
Cap Rate
0.67
DSCR
$2,788
Rent
-$862
Cashflow
Cash Flow
$2,788 income − $3,650 expenses = $862 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,922
Downpayment
20%
$85,640
Closing costs
1%
$4,282
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,788
Total Expenses
$3,650
Mortgage P&I
78%
$2,174
Property Taxes
21%
$580
Home Insurance
5%
$149
HOA
1%
$23
Property Management
10%
$279
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0