This property looks like a bad Long-Term investment with a projected -11.1% first-year return on $89,481 initial cash invested.
-11.1%
Cash On Cash
4.46%
Cap Rate
0.69
DSCR
$2,422
Rent
-$828
Cashflow
Cash Flow
$2,422 income − $3,250 expenses = $828 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,481
Downpayment
20%
$85,220
Closing costs
1%
$4,261
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,422
Total Expenses
$3,250
Mortgage P&I
95%
$2,291
Property Taxes
7%
$172
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0