This property looks like a bad Long-Term investment with a projected -18.08% first-year return on $89,943 initial cash invested.
-18.08%
Cash On Cash
2.63%
Cap Rate
0.43
DSCR
$1,753
Rent
-$1,355
Cashflow
Cash Flow
$1,753 income − $3,108 expenses = $1,355 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,943
Downpayment
20%
$85,660
Closing costs
1%
$4,283
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,753
Total Expenses
$3,108
Mortgage P&I
126%
$2,207
Property Taxes
16%
$287
Home Insurance
9%
$158
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0