This property looks like a bad Long-Term investment with a projected -16.19% first-year return on $89,439 initial cash invested.
-16.19%
Cash On Cash
3.03%
Cap Rate
0.49
DSCR
$1,917
Rent
-$1,207
Cashflow
Cash Flow
$1,917 income − $3,124 expenses = $1,207 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,439
Downpayment
20%
$85,180
Closing costs
1%
$4,259
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,917
Total Expenses
$3,124
Mortgage P&I
114%
$2,188
Property Taxes
15%
$285
Home Insurance
8%
$152
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0