This property looks like a bad Long-Term investment with a projected -8.98% first-year return on $90,993 initial cash invested.
-8.98%
Cash On Cash
4.8%
Cap Rate
0.76
DSCR
$2,518
Rent
-$681
Cashflow
Cash Flow
$2,518 income − $3,199 expenses = $681 out of pocket
Investment Breakdown
|
Purchase Price
$433k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,993
Downpayment
20%
$86,660
Closing costs
1%
$4,333
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,518
Total Expenses
$3,199
Mortgage P&I
91%
$2,289
Property Taxes
3%
$66
Home Insurance
6%
$156
HOA
1%
$33
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0