This property looks like a bad Long-Term investment with a projected -17.61% first-year return on $88,809 initial cash invested.
-17.61%
Cash On Cash
3.38%
Cap Rate
0.5
DSCR
$2,474
Rent
-$1,303
Cashflow
Cash Flow
$2,474 income − $3,777 expenses = $1,303 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,474
Total Expenses
$3,777
Mortgage P&I
96%
$2,371
Property Taxes
24%
$597
Home Insurance
7%
$166
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0