This property looks like a bad Long-Term investment with a projected -16.94% first-year return on $88,830 initial cash invested.
-16.94%
Cash On Cash
3.09%
Cap Rate
0.49
DSCR
$1,976
Rent
-$1,254
Cashflow
Cash Flow
$1,976 income − $3,230 expenses = $1,254 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,830
Downpayment
20%
$84,600
Closing costs
1%
$4,230
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,976
Total Expenses
$3,230
Mortgage P&I
114%
$2,243
Property Taxes
16%
$310
Home Insurance
8%
$157
HOA
0%
$5
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0