This property looks like a bad Long-Term investment with a projected -9% first-year return on $91,476 initial cash invested.
-9%
Cash On Cash
4.62%
Cap Rate
0.76
DSCR
$2,924
Rent
-$686
Cashflow
Cash Flow
$2,924 income − $3,610 expenses = $686 out of pocket
Investment Breakdown
|
Purchase Price
$436k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,476
Downpayment
20%
$87,120
Closing costs
1%
$4,356
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,924
Total Expenses
$3,610
Mortgage P&I
76%
$2,217
Property Taxes
16%
$480
Home Insurance
5%
$154
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0