This property looks like a bad Long-Term investment with a projected -6.85% first-year return on $89,502 initial cash invested.
-6.85%
Cash On Cash
5.04%
Cap Rate
0.83
DSCR
$2,821
Rent
-$511
Cashflow
Cash Flow
$2,821 income − $3,332 expenses = $511 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,502
Downpayment
20%
$85,240
Closing costs
1%
$4,262
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,821
Total Expenses
$3,332
Mortgage P&I
77%
$2,161
Property Taxes
10%
$282
Home Insurance
6%
$156
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0