This property looks like a bad Long-Term investment with a projected -14.93% first-year return on $88,725 initial cash invested.
-14.93%
Cash On Cash
3.48%
Cap Rate
0.56
DSCR
$2,491
Rent
-$1,104
Cashflow
Cash Flow
$2,491 income − $3,595 expenses = $1,104 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,725
Downpayment
20%
$84,500
Closing costs
1%
$4,225
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,491
Total Expenses
$3,595
Mortgage P&I
88%
$2,203
Property Taxes
21%
$531
Home Insurance
6%
$149
HOA
3%
$64
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$149
Maintenance
5%
$125
Other
0%
$0