This property looks like a bad Long-Term investment with a projected -13.76% first-year return on $88,809 initial cash invested.
-13.76%
Cash On Cash
3.93%
Cap Rate
0.61
DSCR
$2,485
Rent
-$1,018
Cashflow
Cash Flow
$2,485 income − $3,503 expenses = $1,018 out of pocket
Investment Breakdown
|
Purchase Price
$423k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,485
Total Expenses
$3,503
Mortgage P&I
92%
$2,280
Property Taxes
17%
$429
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0