This property looks like a bad Long-Term investment with a projected -16.03% first-year return on $91,350 initial cash invested.
-16.03%
Cash On Cash
3.67%
Cap Rate
0.55
DSCR
$2,722
Rent
-$1,220
Cashflow
Cash Flow
$2,722 income − $3,942 expenses = $1,220 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,350
Downpayment
20%
$87,000
Closing costs
1%
$4,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,722
Total Expenses
$3,942
Mortgage P&I
89%
$2,413
Property Taxes
24%
$658
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0