This property looks like a bad Long-Term investment with a projected -9.02% first-year return on $90,447 initial cash invested.
-9.02%
Cash On Cash
4.64%
Cap Rate
0.75
DSCR
$2,587
Rent
-$680
Cashflow
Cash Flow
$2,587 income − $3,267 expenses = $680 out of pocket
Investment Breakdown
|
Purchase Price
$431k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,447
Downpayment
20%
$86,140
Closing costs
1%
$4,307
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,587
Total Expenses
$3,267
Mortgage P&I
86%
$2,216
Property Taxes
9%
$227
Home Insurance
6%
$152
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0