This property looks like a bad Long-Term investment with a projected -17.75% first-year return on $89,355 initial cash invested.
-17.75%
Cash On Cash
3.26%
Cap Rate
0.49
DSCR
$2,468
Rent
-$1,322
Cashflow
Cash Flow
$2,468 income − $3,790 expenses = $1,322 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,355
Downpayment
20%
$85,100
Closing costs
1%
$4,255
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,468
Total Expenses
$3,790
Mortgage P&I
95%
$2,356
Property Taxes
25%
$620
Home Insurance
7%
$173
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0