This property looks like a bad Long-Term investment with a projected -13.71% first-year return on $91,140 initial cash invested.
-13.71%
Cash On Cash
4.11%
Cap Rate
0.62
DSCR
$2,371
Rent
-$1,041
Cashflow
Cash Flow
$2,371 income − $3,412 expenses = $1,041 out of pocket
Investment Breakdown
|
Purchase Price
$434k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,140
Downpayment
20%
$86,800
Closing costs
1%
$4,340
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,371
Total Expenses
$3,412
Mortgage P&I
102%
$2,410
Property Taxes
10%
$233
Home Insurance
6%
$152
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0