This property looks like a bad Long-Term investment with a projected -14.77% first-year return on $91,350 initial cash invested.
-14.77%
Cash On Cash
3.86%
Cap Rate
0.58
DSCR
$2,481
Rent
-$1,124
Cashflow
Cash Flow
$2,481 income − $3,605 expenses = $1,124 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
$2,481
Total Expenses
$3,605
Mortgage P&I
97%
$2,399
Property Taxes
7%
$174
Home Insurance
6%
$152
HOA
9%
$235
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0