This property looks like a bad Long-Term investment with a projected -16.81% first-year return on $88,893 initial cash invested.
-16.81%
Cash On Cash
3.23%
Cap Rate
0.51
DSCR
$2,760
Rent
-$1,245
Cashflow
Cash Flow
$2,760 income − $4,005 expenses = $1,245 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,893
Downpayment
20%
$84,660
Closing costs
1%
$4,233
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,760
Total Expenses
$4,005
Mortgage P&I
81%
$2,248
Property Taxes
31%
$846
Home Insurance
5%
$150
HOA
2%
$43
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0