This property looks like a bad Long-Term investment with a projected -15.85% first-year return on $89,922 initial cash invested.
-15.85%
Cash On Cash
3.44%
Cap Rate
0.53
DSCR
$2,291
Rent
-$1,188
Cashflow
Cash Flow
$2,291 income − $3,479 expenses = $1,188 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,291
Total Expenses
$3,479
Mortgage P&I
100%
$2,301
Property Taxes
19%
$428
Home Insurance
7%
$154
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$137
Maintenance
5%
$115
Other
0%
$0