This property looks like a bad Long-Term investment with a projected -18.19% first-year return on $89,460 initial cash invested.
-18.19%
Cash On Cash
3.18%
Cap Rate
0.47
DSCR
$2,059
Rent
-$1,356
Cashflow
Cash Flow
$2,059 income − $3,415 expenses = $1,356 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,460
Downpayment
20%
$85,200
Closing costs
1%
$4,260
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,059
Total Expenses
$3,415
Mortgage P&I
116%
$2,382
Property Taxes
17%
$348
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0