This property looks like a bad Long-Term investment with a projected -6.64% first-year return on $91,812 initial cash invested.
-6.64%
Cash On Cash
5.15%
Cap Rate
0.84
DSCR
$3,080
Rent
-$508
Cashflow
Cash Flow
$3,080 income − $3,588 expenses = $508 out of pocket
Investment Breakdown
|
Purchase Price
$437k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,812
Downpayment
20%
$87,440
Closing costs
1%
$4,372
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,080
Total Expenses
$3,588
Mortgage P&I
72%
$2,231
Property Taxes
13%
$396
Home Insurance
5%
$160
HOA
0%
$0
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0