This property looks like a bad Long-Term investment with a projected -10.79% first-year return on $88,851 initial cash invested.
-10.79%
Cash On Cash
4.55%
Cap Rate
0.71
DSCR
$3,105
Rent
-$799
Cashflow
Cash Flow
$3,105 income − $3,904 expenses = $799 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,851
Downpayment
20%
$84,620
Closing costs
1%
$4,231
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,105
Total Expenses
$3,904
Mortgage P&I
72%
$2,247
Property Taxes
23%
$702
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0