This property looks like a bad Long-Term investment with a projected -13.48% first-year return on $90,741 initial cash invested.
-13.48%
Cash On Cash
3.64%
Cap Rate
0.59
DSCR
$1,980
Rent
-$1,019
Cashflow
Cash Flow
$1,980 income − $2,999 expenses = $1,019 out of pocket
Investment Breakdown
|
Purchase Price
$432k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,741
Downpayment
20%
$86,420
Closing costs
1%
$4,321
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,980
Total Expenses
$2,999
Mortgage P&I
113%
$2,232
Property Taxes
5%
$98
Home Insurance
8%
$154
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0