This property looks like a bad Long-Term investment with a projected -23.31% first-year return on $88,809 initial cash invested.
-23.31%
Cash On Cash
2.01%
Cap Rate
0.3
DSCR
$1,538
Rent
-$1,725
Cashflow
Cash Flow
$1,538 income − $3,263 expenses = $1,725 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
$1,538
Total Expenses
$3,263
Mortgage P&I
153%
$2,356
Property Taxes
23%
$349
Home Insurance
10%
$158
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0