This property looks like a bad Long-Term investment with a projected -17.81% first-year return on $91,350 initial cash invested.
-17.81%
Cash On Cash
3.15%
Cap Rate
0.48
DSCR
$1,989
Rent
-$1,356
Cashflow
Cash Flow
$1,989 income − $3,345 expenses = $1,356 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,350
Downpayment
20%
$87,000
Closing costs
1%
$4,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,989
Total Expenses
$3,345
Mortgage P&I
121%
$2,400
Property Taxes
14%
$273
Home Insurance
8%
$152
HOA
0%
$4
Property Management
10%
$199
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0