This property looks like a bad Long-Term investment with a projected -13.55% first-year return on $90,426 initial cash invested.
-13.55%
Cash On Cash
3.62%
Cap Rate
0.59
DSCR
$2,435
Rent
-$1,021
Cashflow
Cash Flow
$2,435 income − $3,456 expenses = $1,021 out of pocket
Investment Breakdown
|
Purchase Price
$431k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,426
Downpayment
20%
$86,120
Closing costs
1%
$4,306
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,435
Total Expenses
$3,456
Mortgage P&I
90%
$2,198
Property Taxes
19%
$470
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0