This property looks like a bad Long-Term investment with a projected -10.04% first-year return on $89,565 initial cash invested.
-10.04%
Cash On Cash
4.98%
Cap Rate
0.75
DSCR
$2,938
Rent
-$749
Cashflow
Cash Flow
$2,938 income − $3,687 expenses = $749 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,565
Downpayment
20%
$85,300
Closing costs
1%
$4,265
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,938
Total Expenses
$3,687
Mortgage P&I
81%
$2,373
Property Taxes
14%
$401
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0