This property looks like a bad Long-Term investment with a projected -12.91% first-year return on $91,287 initial cash invested.
-12.91%
Cash On Cash
4.2%
Cap Rate
0.64
DSCR
$2,638
Rent
-$982
Cashflow
Cash Flow
$2,638 income − $3,620 expenses = $982 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,287
Downpayment
20%
$86,940
Closing costs
1%
$4,347
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,638
Total Expenses
$3,620
Mortgage P&I
90%
$2,370
Property Taxes
16%
$410
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0