This property looks like a bad Long-Term investment with a projected -6.96% first-year return on $90,657 initial cash invested.
-6.96%
Cash On Cash
5.04%
Cap Rate
0.83
DSCR
$3,060
Rent
-$526
Cashflow
Cash Flow
$3,060 income − $3,586 expenses = $526 out of pocket
Investment Breakdown
|
Purchase Price
$432k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,657
Downpayment
20%
$86,340
Closing costs
1%
$4,317
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,060
Total Expenses
$3,586
Mortgage P&I
71%
$2,186
Property Taxes
15%
$454
Home Insurance
5%
$150
HOA
0%
$0
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0