This property looks like a bad Long-Term investment with a projected -11.72% first-year return on $89,817 initial cash invested.
-11.72%
Cash On Cash
4.55%
Cap Rate
0.69
DSCR
$2,770
Rent
-$877
Cashflow
Cash Flow
$2,770 income − $3,647 expenses = $877 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,817
Downpayment
20%
$85,540
Closing costs
1%
$4,277
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,770
Total Expenses
$3,647
Mortgage P&I
85%
$2,361
Property Taxes
15%
$417
Home Insurance
5%
$150
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0