This property looks like a bad Long-Term investment with a projected -13.24% first-year return on $89,460 initial cash invested.
-13.24%
Cash On Cash
3.8%
Cap Rate
0.61
DSCR
$2,461
Rent
-$987
Cashflow
Cash Flow
$2,461 income − $3,448 expenses = $987 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,461
Total Expenses
$3,448
Mortgage P&I
90%
$2,214
Property Taxes
18%
$442
Home Insurance
6%
$152
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0