This property looks like a bad Long-Term investment with a projected -13.48% first-year return on $89,922 initial cash invested.
-13.48%
Cash On Cash
3.84%
Cap Rate
0.6
DSCR
$2,215
Rent
-$1,010
Cashflow
Cash Flow
$2,215 income − $3,225 expenses = $1,010 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,922
Downpayment
20%
$85,640
Closing costs
1%
$4,282
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,215
Total Expenses
$3,225
Mortgage P&I
102%
$2,268
Property Taxes
10%
$230
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0