This property looks like a bad Long-Term investment with a projected -15.16% first-year return on $89,124 initial cash invested.
-15.16%
Cash On Cash
3.19%
Cap Rate
0.52
DSCR
$2,064
Rent
-$1,126
Cashflow
Cash Flow
$2,064 income − $3,190 expenses = $1,126 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,124
Downpayment
20%
$84,880
Closing costs
1%
$4,244
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,064
Total Expenses
$3,190
Mortgage P&I
104%
$2,152
Property Taxes
17%
$353
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0