This property looks like a bad Long-Term investment with a projected -12.04% first-year return on $91,119 initial cash invested.
-12.04%
Cash On Cash
3.9%
Cap Rate
0.64
DSCR
$2,501
Rent
-$914
Cashflow
Cash Flow
$2,501 income − $3,415 expenses = $914 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,119
Downpayment
20%
$86,780
Closing costs
1%
$4,339
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,501
Total Expenses
$3,415
Mortgage P&I
88%
$2,198
Property Taxes
16%
$409
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0