This property looks like a bad Long-Term investment with a projected -11.62% first-year return on $88,788 initial cash invested.
-11.62%
Cash On Cash
4.3%
Cap Rate
0.67
DSCR
$2,543
Rent
-$860
Cashflow
Cash Flow
$2,543 income − $3,403 expenses = $860 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,788
Downpayment
20%
$84,560
Closing costs
1%
$4,228
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,543
Total Expenses
$3,403
Mortgage P&I
88%
$2,249
Property Taxes
13%
$343
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0