This property looks like a bad Long-Term investment with a projected -15.85% first-year return on $89,355 initial cash invested.
-15.85%
Cash On Cash
3.65%
Cap Rate
0.55
DSCR
$2,365
Rent
-$1,180
Cashflow
Cash Flow
$2,365 income − $3,545 expenses = $1,180 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
$2,365
Total Expenses
$3,545
Mortgage P&I
100%
$2,358
Property Taxes
18%
$421
Home Insurance
6%
$152
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0