This property looks like a bad Long-Term investment with a projected -9.83% first-year return on $89,124 initial cash invested.
-9.83%
Cash On Cash
4.83%
Cap Rate
0.74
DSCR
$2,669
Rent
-$730
Cashflow
Cash Flow
$2,669 income − $3,399 expenses = $730 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,669
Total Expenses
$3,399
Mortgage P&I
86%
$2,304
Property Taxes
9%
$244
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0