This property looks like a bad Long-Term investment with a projected -11.58% first-year return on $89,544 initial cash invested.
-11.58%
Cash On Cash
4.06%
Cap Rate
0.66
DSCR
$2,390
Rent
-$864
Cashflow
Cash Flow
$2,390 income − $3,254 expenses = $864 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,390
Total Expenses
$3,254
Mortgage P&I
92%
$2,187
Property Taxes
11%
$268
Home Insurance
7%
$156
HOA
1%
$21
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$143
Maintenance
5%
$120
Other
0%
$0