This property looks like a bad Long-Term investment with a projected -13.07% first-year return on $90,552 initial cash invested.
-13.07%
Cash On Cash
4.2%
Cap Rate
0.64
DSCR
$3,054
Rent
-$986
Cashflow
Cash Flow
$3,054 income − $4,040 expenses = $986 out of pocket
Investment Breakdown
|
Purchase Price
$431k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,552
Downpayment
20%
$86,240
Closing costs
1%
$4,312
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,054
Total Expenses
$4,040
Mortgage P&I
77%
$2,342
Property Taxes
25%
$757
Home Insurance
5%
$147
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0