This property looks like a bad Long-Term investment with a projected -10.22% first-year return on $88,914 initial cash invested.
-10.22%
Cash On Cash
4.36%
Cap Rate
0.71
DSCR
$2,676
Rent
-$757
Cashflow
Cash Flow
$2,676 income − $3,433 expenses = $757 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,914
Downpayment
20%
$84,680
Closing costs
1%
$4,234
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,676
Total Expenses
$3,433
Mortgage P&I
81%
$2,160
Property Taxes
16%
$429
Home Insurance
5%
$147
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0