This property looks like a bad Long-Term investment with a projected -13.62% first-year return on $89,775 initial cash invested.
-13.62%
Cash On Cash
3.99%
Cap Rate
0.61
DSCR
$2,115
Rent
-$1,019
Cashflow
Cash Flow
$2,115 income − $3,134 expenses = $1,019 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,775
Downpayment
20%
$85,500
Closing costs
1%
$4,275
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,115
Total Expenses
$3,134
Mortgage P&I
110%
$2,333
Property Taxes
4%
$89
Home Insurance
8%
$161
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0