This property looks like a bad Long-Term investment with a projected -16.25% first-year return on $91,350 initial cash invested.
-16.25%
Cash On Cash
3.3%
Cap Rate
0.52
DSCR
$2,550
Rent
-$1,237
Cashflow
Cash Flow
$2,550 income − $3,787 expenses = $1,237 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,550
Total Expenses
$3,787
Mortgage P&I
90%
$2,307
Property Taxes
26%
$656
Home Insurance
6%
$152
HOA
0%
$8
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0