This property looks like a bad Long-Term investment with a projected -7.87% first-year return on $89,082 initial cash invested.
-7.87%
Cash On Cash
4.79%
Cap Rate
0.79
DSCR
$2,891
Rent
-$584
Cashflow
Cash Flow
$2,891 income − $3,475 expenses = $584 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,082
Downpayment
20%
$84,840
Closing costs
1%
$4,242
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,891
Total Expenses
$3,475
Mortgage P&I
74%
$2,131
Property Taxes
15%
$443
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$145
Vacancy
6%
$173
Maintenance
5%
$145
Other
0%
$0