This property looks like a bad Long-Term investment with a projected -15.56% first-year return on $90,909 initial cash invested.
-15.56%
Cash On Cash
3.76%
Cap Rate
0.57
DSCR
$2,721
Rent
-$1,179
Cashflow
Cash Flow
$2,721 income − $3,900 expenses = $1,179 out of pocket
Investment Breakdown
|
Purchase Price
$433k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,909
Downpayment
20%
$86,580
Closing costs
1%
$4,329
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,721
Total Expenses
$3,900
Mortgage P&I
88%
$2,401
Property Taxes
23%
$620
Home Insurance
6%
$172
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0