This property looks like a bad Long-Term investment with a projected -15.36% first-year return on $88,914 initial cash invested.
-15.36%
Cash On Cash
3.71%
Cap Rate
0.56
DSCR
$2,006
Rent
-$1,138
Cashflow
Cash Flow
$2,006 income − $3,144 expenses = $1,138 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,006
Total Expenses
$3,144
Mortgage P&I
117%
$2,348
Property Taxes
5%
$110
Home Insurance
8%
$152
HOA
1%
$13
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0