This property looks like a bad Long-Term investment with a projected -7.21% first-year return on $89,418 initial cash invested.
-7.21%
Cash On Cash
5.66%
Cap Rate
0.84
DSCR
$3,188
Rent
-$537
Cashflow
Cash Flow
$3,188 income − $3,725 expenses = $537 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,418
Downpayment
20%
$85,160
Closing costs
1%
$4,258
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,188
Total Expenses
$3,725
Mortgage P&I
75%
$2,387
Property Taxes
11%
$356
Home Insurance
5%
$154
HOA
0%
$0
Property Management
10%
$319
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0