This property looks like a bad Long-Term investment with a projected -11.08% first-year return on $89,670 initial cash invested.
-11.08%
Cash On Cash
4.62%
Cap Rate
0.7
DSCR
$2,644
Rent
-$828
Cashflow
Cash Flow
$2,644 income − $3,472 expenses = $828 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,670
Downpayment
20%
$85,400
Closing costs
1%
$4,270
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,644
Total Expenses
$3,472
Mortgage P&I
89%
$2,340
Property Taxes
10%
$253
Home Insurance
6%
$154
HOA
1%
$38
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0