This property looks like a bad Long-Term investment with a projected -15.73% first-year return on $88,851 initial cash invested.
-15.73%
Cash On Cash
3.29%
Cap Rate
0.52
DSCR
$2,290
Rent
-$1,165
Cashflow
Cash Flow
$2,290 income − $3,455 expenses = $1,165 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,851
Downpayment
20%
$84,620
Closing costs
1%
$4,231
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,290
Total Expenses
$3,455
Mortgage P&I
97%
$2,212
Property Taxes
22%
$502
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0