This property looks like a bad Long-Term investment with a projected -10.49% first-year return on $89,901 initial cash invested.
-10.49%
Cash On Cash
4.61%
Cap Rate
0.71
DSCR
$2,486
Rent
-$786
Cashflow
Cash Flow
$2,486 income − $3,272 expenses = $786 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,486
Total Expenses
$3,272
Mortgage P&I
93%
$2,307
Property Taxes
7%
$184
Home Insurance
5%
$135
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0