This property looks like a bad Long-Term investment with a projected -11.17% first-year return on $88,977 initial cash invested.
-11.17%
Cash On Cash
4.57%
Cap Rate
0.7
DSCR
$2,498
Rent
-$828
Cashflow
Cash Flow
$2,498 income − $3,326 expenses = $828 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,977
Downpayment
20%
$84,740
Closing costs
1%
$4,237
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,498
Total Expenses
$3,326
Mortgage P&I
93%
$2,318
Property Taxes
8%
$209
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0