This property looks like a bad Long-Term investment with a projected -11.91% first-year return on $88,893 initial cash invested.
-11.91%
Cash On Cash
4.31%
Cap Rate
0.67
DSCR
$2,676
Rent
-$882
Cashflow
Cash Flow
$2,676 income − $3,558 expenses = $882 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,893
Downpayment
20%
$84,660
Closing costs
1%
$4,233
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,676
Total Expenses
$3,558
Mortgage P&I
85%
$2,269
Property Taxes
14%
$373
Home Insurance
8%
$219
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0