This property looks like a bad Long-Term investment with a projected -8.02% first-year return on $90,510 initial cash invested.
-8.02%
Cash On Cash
4.87%
Cap Rate
0.8
DSCR
$3,196
Rent
-$605
Cashflow
Cash Flow
$3,196 income − $3,801 expenses = $605 out of pocket
Investment Breakdown
|
Purchase Price
$431k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,510
Downpayment
20%
$86,200
Closing costs
1%
$4,310
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,196
Total Expenses
$3,801
Mortgage P&I
69%
$2,195
Property Taxes
19%
$620
Home Insurance
5%
$154
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0