This property looks like a bad Long-Term investment with a projected -6.09% first-year return on $89,712 initial cash invested.
-6.09%
Cash On Cash
5.37%
Cap Rate
0.87
DSCR
$3,247
Rent
-$455
Cashflow
Cash Flow
$3,247 income − $3,702 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,712
Downpayment
20%
$85,440
Closing costs
1%
$4,272
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,247
Total Expenses
$3,702
Mortgage P&I
68%
$2,206
Property Taxes
15%
$494
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$325
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0