This property looks like a bad Long-Term investment with a projected -9.28% first-year return on $89,754 initial cash invested.
-9.28%
Cash On Cash
5.16%
Cap Rate
0.77
DSCR
$2,831
Rent
-$694
Cashflow
Cash Flow
$2,831 income − $3,525 expenses = $694 out of pocket
Investment Breakdown
|
Purchase Price
$427k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,754
Downpayment
20%
$85,480
Closing costs
1%
$4,274
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,831
Total Expenses
$3,525
Mortgage P&I
84%
$2,390
Property Taxes
9%
$247
Home Insurance
5%
$151
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0