This property looks like a bad Long-Term investment with a projected -13.87% first-year return on $89,775 initial cash invested.
-13.87%
Cash On Cash
4.04%
Cap Rate
0.61
DSCR
$2,191
Rent
-$1,038
Cashflow
Cash Flow
$2,191 income − $3,229 expenses = $1,038 out of pocket
Investment Breakdown
|
Purchase Price
$428k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,775
Downpayment
20%
$85,500
Closing costs
1%
$4,275
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,191
Total Expenses
$3,229
Mortgage P&I
108%
$2,367
Property Taxes
6%
$138
Home Insurance
7%
$154
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$131
Maintenance
5%
$110
Other
0%
$0