This property looks like a bad Long-Term investment with a projected -13.43% first-year return on $89,544 initial cash invested.
-13.43%
Cash On Cash
4%
Cap Rate
0.62
DSCR
$2,472
Rent
-$1,002
Cashflow
Cash Flow
$2,472 income − $3,474 expenses = $1,002 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,544
Downpayment
20%
$85,280
Closing costs
1%
$4,264
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,472
Total Expenses
$3,474
Mortgage P&I
93%
$2,299
Property Taxes
15%
$382
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0