This property looks like a bad Long-Term investment with a projected -8.01% first-year return on $89,565 initial cash invested.
-8.01%
Cash On Cash
5.26%
Cap Rate
0.8
DSCR
$2,901
Rent
-$598
Cashflow
Cash Flow
$2,901 income − $3,499 expenses = $598 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,901
Total Expenses
$3,499
Mortgage P&I
80%
$2,322
Property Taxes
9%
$267
Home Insurance
5%
$156
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0