This property looks like a bad Long-Term investment with a projected -17.08% first-year return on $89,355 initial cash invested.
-17.08%
Cash On Cash
3.25%
Cap Rate
0.5
DSCR
$2,003
Rent
-$1,272
Cashflow
Cash Flow
$2,003 income − $3,275 expenses = $1,272 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,003
Total Expenses
$3,275
Mortgage P&I
116%
$2,325
Property Taxes
14%
$278
Home Insurance
8%
$152
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0