This property looks like a bad Long-Term investment with a projected -14.21% first-year return on $88,809 initial cash invested.
-14.21%
Cash On Cash
3.9%
Cap Rate
0.59
DSCR
$2,237
Rent
-$1,052
Cashflow
Cash Flow
$2,237 income − $3,289 expenses = $1,052 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,809
Downpayment
20%
$84,580
Closing costs
1%
$4,229
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,237
Total Expenses
$3,289
Mortgage P&I
104%
$2,316
Property Taxes
5%
$112
Home Insurance
7%
$154
HOA
6%
$125
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0