This property looks like a bad Long-Term investment with a projected -22.45% first-year return on $91,340 initial cash invested.
-22.45%
Cash On Cash
2.22%
Cap Rate
0.33
DSCR
$2,022
Rent
-$1,709
Cashflow
Cash Flow
$2,022 income − $3,731 expenses = $1,709 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,340
Downpayment
20%
$86,990
Closing costs
1%
$4,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,022
Total Expenses
$3,731
Mortgage P&I
119%
$2,414
Property Taxes
32%
$640
Home Insurance
8%
$152
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0