This property looks like a bad Long-Term investment with a projected -8.72% first-year return on $88,914 initial cash invested.
-8.72%
Cash On Cash
4.57%
Cap Rate
0.76
DSCR
$2,736
Rent
-$646
Cashflow
Cash Flow
$2,736 income − $3,382 expenses = $646 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,914
Downpayment
20%
$84,680
Closing costs
1%
$4,234
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,736
Total Expenses
$3,382
Mortgage P&I
78%
$2,121
Property Taxes
15%
$397
Home Insurance
6%
$152
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0