This property looks like a bad Long-Term investment with a projected -6.63% first-year return on $90,636 initial cash invested.
-6.63%
Cash On Cash
5.26%
Cap Rate
0.85
DSCR
$3,257
Rent
-$501
Cashflow
Cash Flow
$3,257 income − $3,758 expenses = $501 out of pocket
Investment Breakdown
|
Purchase Price
$432k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,636
Downpayment
20%
$86,320
Closing costs
1%
$4,316
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,257
Total Expenses
$3,758
Mortgage P&I
69%
$2,231
Property Taxes
16%
$524
Home Insurance
5%
$156
HOA
0%
$0
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$195
Maintenance
5%
$163
Other
0%
$0