This property looks like a bad Long-Term investment with a projected -14.17% first-year return on $89,019 initial cash invested.
-14.17%
Cash On Cash
4.02%
Cap Rate
0.6
DSCR
$2,309
Rent
-$1,051
Cashflow
Cash Flow
$2,309 income − $3,360 expenses = $1,051 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,019
Downpayment
20%
$84,780
Closing costs
1%
$4,239
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,309
Total Expenses
$3,360
Mortgage P&I
102%
$2,356
Property Taxes
11%
$252
Home Insurance
7%
$152
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$139
Maintenance
5%
$115
Other
0%
$0