This property looks like a bad Long-Term investment with a projected -10.52% first-year return on $90,468 initial cash invested.
-10.52%
Cash On Cash
4.74%
Cap Rate
0.72
DSCR
$2,898
Rent
-$793
Cashflow
Cash Flow
$2,898 income − $3,691 expenses = $793 out of pocket
Investment Breakdown
|
Purchase Price
$431k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,468
Downpayment
20%
$86,160
Closing costs
1%
$4,308
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,898
Total Expenses
$3,691
Mortgage P&I
81%
$2,351
Property Taxes
15%
$434
Home Insurance
5%
$152
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0