This property looks like a bad Long-Term investment with a projected -8.8% first-year return on $90,552 initial cash invested.
-8.8%
Cash On Cash
5.17%
Cap Rate
0.78
DSCR
$2,965
Rent
-$664
Cashflow
Cash Flow
$2,965 income − $3,629 expenses = $664 out of pocket
Investment Breakdown
|
Purchase Price
$431k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,965
Total Expenses
$3,629
Mortgage P&I
80%
$2,372
Property Taxes
11%
$333
Home Insurance
5%
$154
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0