This property looks like a bad Long-Term investment with a projected -8.26% first-year return on $89,880 initial cash invested.
-8.26%
Cash On Cash
4.76%
Cap Rate
0.78
DSCR
$2,797
Rent
-$619
Cashflow
Cash Flow
$2,797 income − $3,416 expenses = $619 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,880
Downpayment
20%
$85,600
Closing costs
1%
$4,280
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,797
Total Expenses
$3,416
Mortgage P&I
78%
$2,177
Property Taxes
13%
$361
Home Insurance
5%
$150
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0