This property looks like a bad Long-Term investment with a projected -13.7% first-year return on $90,573 initial cash invested.
-13.7%
Cash On Cash
3.54%
Cap Rate
0.58
DSCR
$2,082
Rent
-$1,034
Cashflow
Cash Flow
$2,082 income − $3,116 expenses = $1,034 out of pocket
Investment Breakdown
|
Purchase Price
$431k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,573
Downpayment
20%
$86,260
Closing costs
1%
$4,313
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,082
Total Expenses
$3,116
Mortgage P&I
106%
$2,201
Property Taxes
11%
$225
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0