This property looks like a bad Long-Term investment with a projected -13.98% first-year return on $91,350 initial cash invested.
-13.98%
Cash On Cash
3.9%
Cap Rate
0.6
DSCR
$2,498
Rent
-$1,064
Cashflow
Cash Flow
$2,498 income − $3,562 expenses = $1,064 out of pocket
Investment Breakdown
|
Purchase Price
$435k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,498
Total Expenses
$3,562
Mortgage P&I
94%
$2,354
Property Taxes
16%
$406
Home Insurance
6%
$152
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0