This property looks like a bad Long-Term investment with a projected -17.96% first-year return on $91,140 initial cash invested.
-17.96%
Cash On Cash
2.98%
Cap Rate
0.46
DSCR
$2,020
Rent
-$1,364
Cashflow
Cash Flow
$2,020 income − $3,384 expenses = $1,364 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,140
Downpayment
20%
$86,800
Closing costs
1%
$4,340
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,020
Total Expenses
$3,384
Mortgage P&I
116%
$2,341
Property Taxes
18%
$371
Home Insurance
7%
$147
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0