This property looks like a bad Long-Term investment with a projected -14.03% first-year return on $88,809 initial cash invested.
-14.03%
Cash On Cash
3.58%
Cap Rate
0.58
DSCR
$2,291
Rent
-$1,038
Cashflow
Cash Flow
$2,291 income − $3,329 expenses = $1,038 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,291
Total Expenses
$3,329
Mortgage P&I
95%
$2,185
Property Taxes
16%
$364
Home Insurance
7%
$152
HOA
1%
$32
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$137
Maintenance
5%
$115
Other
0%
$0