This property looks like a bad Long-Term investment with a projected -10.6% first-year return on $89,082 initial cash invested.
-10.6%
Cash On Cash
4.93%
Cap Rate
0.73
DSCR
$3,107
Rent
-$787
Cashflow
Cash Flow
$3,107 income − $3,894 expenses = $787 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,082
Downpayment
20%
$84,840
Closing costs
1%
$4,242
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,107
Total Expenses
$3,894
Mortgage P&I
76%
$2,373
Property Taxes
18%
$564
Home Insurance
5%
$150
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0