This property looks like a bad Long-Term investment with a projected -8.39% first-year return on $88,998 initial cash invested.
-8.39%
Cash On Cash
5.22%
Cap Rate
0.79
DSCR
$2,816
Rent
-$622
Cashflow
Cash Flow
$2,816 income − $3,438 expenses = $622 out of pocket
Investment Breakdown
|
Purchase Price
$424k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,998
Downpayment
20%
$84,760
Closing costs
1%
$4,238
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,816
Total Expenses
$3,438
Mortgage P&I
83%
$2,326
Property Taxes
8%
$225
Home Insurance
5%
$154
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0