This property looks like a bad Long-Term investment with a projected -13.34% first-year return on $88,788 initial cash invested.
-13.34%
Cash On Cash
4.14%
Cap Rate
0.63
DSCR
$2,351
Rent
-$987
Cashflow
Cash Flow
$2,351 income − $3,338 expenses = $987 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,788
Downpayment
20%
$84,560
Closing costs
1%
$4,228
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,351
Total Expenses
$3,338
Mortgage P&I
99%
$2,327
Property Taxes
11%
$250
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0