This property looks like a bad Long-Term investment with a projected -15.58% first-year return on $89,502 initial cash invested.
-15.58%
Cash On Cash
3.54%
Cap Rate
0.54
DSCR
$2,196
Rent
-$1,162
Cashflow
Cash Flow
$2,196 income − $3,358 expenses = $1,162 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,196
Total Expenses
$3,358
Mortgage P&I
105%
$2,311
Property Taxes
15%
$324
Home Insurance
7%
$151
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0