This property looks like a bad Long-Term investment with a projected -15.17% first-year return on $89,712 initial cash invested.
-15.17%
Cash On Cash
3.65%
Cap Rate
0.56
DSCR
$2,139
Rent
-$1,134
Cashflow
Cash Flow
$2,139 income − $3,273 expenses = $1,134 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,712
Downpayment
20%
$85,440
Closing costs
1%
$4,272
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,139
Total Expenses
$3,273
Mortgage P&I
109%
$2,327
Property Taxes
11%
$241
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0