This property looks like a bad Long-Term investment with a projected -13.59% first-year return on $89,376 initial cash invested.
-13.59%
Cash On Cash
4.09%
Cap Rate
0.62
DSCR
$2,416
Rent
-$1,012
Cashflow
Cash Flow
$2,416 income − $3,428 expenses = $1,012 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,416
Total Expenses
$3,428
Mortgage P&I
97%
$2,340
Property Taxes
12%
$301
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0