This property looks like a bad Long-Term investment with a projected -12.66% first-year return on $89,502 initial cash invested.
-12.66%
Cash On Cash
4.33%
Cap Rate
0.65
DSCR
$2,502
Rent
-$944
Cashflow
Cash Flow
$2,502 income − $3,446 expenses = $944 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,502
Downpayment
20%
$85,240
Closing costs
1%
$4,262
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,502
Total Expenses
$3,446
Mortgage P&I
94%
$2,357
Property Taxes
12%
$289
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0