This property looks like a bad Long-Term investment with a projected -10.37% first-year return on $88,830 initial cash invested.
-10.37%
Cash On Cash
4.59%
Cap Rate
0.72
DSCR
$2,631
Rent
-$768
Cashflow
Cash Flow
$2,631 income − $3,399 expenses = $768 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,830
Downpayment
20%
$84,600
Closing costs
1%
$4,230
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,631
Total Expenses
$3,399
Mortgage P&I
86%
$2,254
Property Taxes
13%
$330
Home Insurance
5%
$130
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0