This property looks like a bad Long-Term investment with a projected -16.14% first-year return on $89,376 initial cash invested.
-16.14%
Cash On Cash
3.52%
Cap Rate
0.53
DSCR
$1,973
Rent
-$1,202
Cashflow
Cash Flow
$1,973 income − $3,175 expenses = $1,202 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,376
Downpayment
20%
$85,120
Closing costs
1%
$4,256
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,973
Total Expenses
$3,175
Mortgage P&I
119%
$2,351
Property Taxes
9%
$174
Home Insurance
7%
$133
HOA
0%
$4
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0