This property looks like a bad Long-Term investment with a projected -10.94% first-year return on $90,930 initial cash invested.
-10.94%
Cash On Cash
4.25%
Cap Rate
0.69
DSCR
$2,530
Rent
-$829
Cashflow
Cash Flow
$2,530 income − $3,359 expenses = $829 out of pocket
Investment Breakdown
|
Purchase Price
$433k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,930
Downpayment
20%
$86,600
Closing costs
1%
$4,330
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,530
Total Expenses
$3,359
Mortgage P&I
88%
$2,238
Property Taxes
12%
$308
Home Insurance
6%
$156
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0