This property looks like a bad Long-Term investment with a projected -10.87% first-year return on $90,846 initial cash invested.
-10.87%
Cash On Cash
4.23%
Cap Rate
0.69
DSCR
$2,460
Rent
-$823
Cashflow
Cash Flow
$2,460 income − $3,283 expenses = $823 out of pocket
Investment Breakdown
|
Purchase Price
$433k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,846
Downpayment
20%
$86,520
Closing costs
1%
$4,326
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,460
Total Expenses
$3,283
Mortgage P&I
90%
$2,224
Property Taxes
11%
$266
Home Insurance
6%
$153
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0