This property looks like a bad Long-Term investment with a projected -9.92% first-year return on $90,489 initial cash invested.
-9.92%
Cash On Cash
4.31%
Cap Rate
0.71
DSCR
$2,380
Rent
-$748
Cashflow
Cash Flow
$2,380 income − $3,128 expenses = $748 out of pocket
Investment Breakdown
|
Purchase Price
$431k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,489
Downpayment
20%
$86,180
Closing costs
1%
$4,309
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,380
Total Expenses
$3,128
Mortgage P&I
91%
$2,177
Property Taxes
7%
$178
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0