This property looks like a bad Long-Term investment with a projected -15.56% first-year return on $88,935 initial cash invested.
-15.56%
Cash On Cash
3.87%
Cap Rate
0.57
DSCR
$2,564
Rent
-$1,153
Cashflow
Cash Flow
$2,564 income − $3,717 expenses = $1,153 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,935
Downpayment
20%
$84,700
Closing costs
1%
$4,235
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,564
Total Expenses
$3,717
Mortgage P&I
93%
$2,390
Property Taxes
20%
$504
Home Insurance
5%
$139
HOA
1%
$18
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0