This property looks like a bad Long-Term investment with a projected -14.25% first-year return on $89,355 initial cash invested.
-14.25%
Cash On Cash
3.42%
Cap Rate
0.56
DSCR
$1,989
Rent
-$1,061
Cashflow
Cash Flow
$1,989 income − $3,050 expenses = $1,061 out of pocket
Investment Breakdown
|
Purchase Price
$426k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,989
Total Expenses
$3,050
Mortgage P&I
109%
$2,173
Property Taxes
11%
$212
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0