This property looks like a bad Long-Term investment with a projected -10.46% first-year return on $87,969 initial cash invested.
-10.46%
Cash On Cash
4.68%
Cap Rate
0.72
DSCR
$2,531
Rent
-$767
Cashflow
Cash Flow
$2,531 income − $3,298 expenses = $767 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,969
Downpayment
20%
$83,780
Closing costs
1%
$4,189
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,531
Total Expenses
$3,298
Mortgage P&I
90%
$2,272
Property Taxes
9%
$220
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0