This property looks like a bad Long-Term investment with a projected -5.9% first-year return on $88,935 initial cash invested.
-5.9%
Cash On Cash
5.67%
Cap Rate
0.88
DSCR
$3,120
Rent
-$437
Cashflow
Cash Flow
$3,120 income − $3,557 expenses = $437 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,120
Total Expenses
$3,557
Mortgage P&I
73%
$2,282
Property Taxes
8%
$250
Home Insurance
5%
$149
HOA
2%
$65
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0