This property looks like a bad Long-Term investment with a projected -11.75% first-year return on $89,124 initial cash invested.
-11.75%
Cash On Cash
4.13%
Cap Rate
0.66
DSCR
$2,208
Rent
-$873
Cashflow
Cash Flow
$2,208 income − $3,081 expenses = $873 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,124
Downpayment
20%
$84,880
Closing costs
1%
$4,244
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,208
Total Expenses
$3,081
Mortgage P&I
101%
$2,223
Property Taxes
6%
$128
Home Insurance
7%
$157
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0