This property looks like a bad Long-Term investment with a projected -6.21% first-year return on $91,644 initial cash invested.
-6.21%
Cash On Cash
5.55%
Cap Rate
0.86
DSCR
$2,999
Rent
-$474
Cashflow
Cash Flow
$2,999 income − $3,473 expenses = $474 out of pocket
Investment Breakdown
|
Purchase Price
$436k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,644
Downpayment
20%
$87,280
Closing costs
1%
$4,364
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,999
Total Expenses
$3,473
Mortgage P&I
78%
$2,344
Property Taxes
6%
$178
Home Insurance
5%
$156
HOA
1%
$15
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0