This property looks like a bad Long-Term investment with a projected -14.75% first-year return on $91,434 initial cash invested.
-14.75%
Cash On Cash
3.29%
Cap Rate
0.54
DSCR
$2,224
Rent
-$1,124
Cashflow
Cash Flow
$2,224 income − $3,348 expenses = $1,124 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,434
Downpayment
20%
$87,080
Closing costs
1%
$4,354
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,224
Total Expenses
$3,348
Mortgage P&I
99%
$2,207
Property Taxes
17%
$373
Home Insurance
7%
$158
HOA
1%
$33
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0