This property looks like a bad Long-Term investment with a projected -18.75% first-year return on $88,914 initial cash invested.
-18.75%
Cash On Cash
2.8%
Cap Rate
0.43
DSCR
$1,927
Rent
-$1,389
Cashflow
Cash Flow
$1,927 income − $3,316 expenses = $1,389 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,927
Total Expenses
$3,316
Mortgage P&I
118%
$2,282
Property Taxes
20%
$383
Home Insurance
8%
$150
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0