This property looks like a bad Long-Term investment with a projected -13.68% first-year return on $91,224 initial cash invested.
-13.68%
Cash On Cash
4.16%
Cap Rate
0.62
DSCR
$2,692
Rent
-$1,040
Cashflow
Cash Flow
$2,692 income − $3,732 expenses = $1,040 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,224
Downpayment
20%
$86,880
Closing costs
1%
$4,344
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,692
Total Expenses
$3,732
Mortgage P&I
90%
$2,410
Property Taxes
17%
$467
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0