This property looks like a bad Long-Term investment with a projected -12.84% first-year return on $89,544 initial cash invested.
-12.84%
Cash On Cash
3.74%
Cap Rate
0.61
DSCR
$1,983
Rent
-$958
Cashflow
Cash Flow
$1,983 income − $2,941 expenses = $958 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,544
Downpayment
20%
$85,280
Closing costs
1%
$4,264
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,983
Total Expenses
$2,941
Mortgage P&I
110%
$2,189
Property Taxes
4%
$83
Home Insurance
8%
$154
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0