This property looks like a bad Long-Term investment with a projected -3.35% first-year return on $90,741 initial cash invested.
-3.35%
Cash On Cash
5.92%
Cap Rate
0.97
DSCR
$3,627
Rent
-$253
Cashflow
Cash Flow
$3,627 income − $3,880 expenses = $253 out of pocket
Investment Breakdown
|
Purchase Price
$432k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,627
Total Expenses
$3,880
Mortgage P&I
61%
$2,204
Property Taxes
16%
$576
Home Insurance
4%
$157
HOA
0%
$0
Property Management
10%
$363
CapEx
5%
$181
Vacancy
6%
$218
Maintenance
5%
$181
Other
0%
$0