This property looks like a bad Long-Term investment with a projected -12.48% first-year return on $88,830 initial cash invested.
-12.48%
Cash On Cash
3.88%
Cap Rate
0.63
DSCR
$2,666
Rent
-$924
Cashflow
Cash Flow
$2,666 income − $3,590 expenses = $924 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,666
Total Expenses
$3,590
Mortgage P&I
81%
$2,157
Property Taxes
21%
$562
Home Insurance
6%
$149
HOA
1%
$29
Property Management
10%
$267
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0