This property looks like a bad Long-Term investment with a projected -14.1% first-year return on $89,376 initial cash invested.
-14.1%
Cash On Cash
4.08%
Cap Rate
0.62
DSCR
$3,005
Rent
-$1,050
Cashflow
Cash Flow
$3,005 income − $4,055 expenses = $1,050 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
$3,005
Total Expenses
$4,055
Mortgage P&I
78%
$2,346
Property Taxes
22%
$657
Home Insurance
5%
$147
HOA
4%
$125
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0