This property looks like a bad Long-Term investment with a projected -17.95% first-year return on $88,893 initial cash invested.
-17.95%
Cash On Cash
2.95%
Cap Rate
0.46
DSCR
$2,168
Rent
-$1,330
Cashflow
Cash Flow
$2,168 income − $3,498 expenses = $1,330 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
$2,168
Total Expenses
$3,498
Mortgage P&I
104%
$2,264
Property Taxes
24%
$521
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0