This property looks like a bad Long-Term investment with a projected -14.85% first-year return on $88,809 initial cash invested.
-14.85%
Cash On Cash
3.34%
Cap Rate
0.55
DSCR
$2,365
Rent
-$1,099
Cashflow
Cash Flow
$2,365 income − $3,464 expenses = $1,099 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,365
Total Expenses
$3,464
Mortgage P&I
91%
$2,159
Property Taxes
23%
$547
Home Insurance
6%
$144
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0