This property looks like a bad Long-Term investment with a projected -14.8% first-year return on $91,350 initial cash invested.
-14.8%
Cash On Cash
3.7%
Cap Rate
0.57
DSCR
$2,353
Rent
-$1,127
Cashflow
Cash Flow
$2,353 income − $3,480 expenses = $1,127 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,353
Total Expenses
$3,480
Mortgage P&I
100%
$2,349
Property Taxes
15%
$358
Home Insurance
7%
$161
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0