This property looks like a bad Long-Term investment with a projected -11.14% first-year return on $89,649 initial cash invested.
-11.14%
Cash On Cash
4.42%
Cap Rate
0.69
DSCR
$2,679
Rent
-$832
Cashflow
Cash Flow
$2,679 income − $3,511 expenses = $832 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,649
Downpayment
20%
$85,380
Closing costs
1%
$4,269
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,679
Total Expenses
$3,511
Mortgage P&I
85%
$2,272
Property Taxes
14%
$388
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0