This property looks like a bad Long-Term investment with a projected -17.84% first-year return on $90,720 initial cash invested.
-17.84%
Cash On Cash
3.2%
Cap Rate
0.48
DSCR
$1,974
Rent
-$1,349
Cashflow
Cash Flow
$1,974 income − $3,323 expenses = $1,349 out of pocket
Investment Breakdown
|
Purchase Price
$432k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,720
Downpayment
20%
$86,400
Closing costs
1%
$4,320
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,974
Total Expenses
$3,323
Mortgage P&I
122%
$2,403
Property Taxes
7%
$133
Home Insurance
8%
$158
HOA
6%
$116
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0