This property looks like a bad Long-Term investment with a projected -11.59% first-year return on $89,901 initial cash invested.
-11.59%
Cash On Cash
4.31%
Cap Rate
0.67
DSCR
$2,394
Rent
-$868
Cashflow
Cash Flow
$2,394 income − $3,262 expenses = $868 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,901
Downpayment
20%
$85,620
Closing costs
1%
$4,281
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,394
Total Expenses
$3,262
Mortgage P&I
96%
$2,287
Property Taxes
8%
$196
Home Insurance
7%
$156
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0