This property looks like a bad Long-Term investment with a projected -17.58% first-year return on $89,397 initial cash invested.
-17.58%
Cash On Cash
3.22%
Cap Rate
0.49
DSCR
$2,089
Rent
-$1,310
Cashflow
Cash Flow
$2,089 income − $3,399 expenses = $1,310 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,397
Downpayment
20%
$85,140
Closing costs
1%
$4,257
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,089
Total Expenses
$3,399
Mortgage P&I
112%
$2,348
Property Taxes
17%
$352
Home Insurance
8%
$157
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0