This property looks like a bad Long-Term investment with a projected -16.49% first-year return on $89,460 initial cash invested.
-16.49%
Cash On Cash
3.32%
Cap Rate
0.51
DSCR
$2,225
Rent
-$1,229
Cashflow
Cash Flow
$2,225 income − $3,454 expenses = $1,229 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,225
Total Expenses
$3,454
Mortgage P&I
103%
$2,298
Property Taxes
19%
$420
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0