This property looks like a bad Long-Term investment with a projected -9.12% first-year return on $91,686 initial cash invested.
-9.12%
Cash On Cash
4.95%
Cap Rate
0.77
DSCR
$2,897
Rent
-$697
Cashflow
Cash Flow
$2,897 income − $3,594 expenses = $697 out of pocket
Investment Breakdown
|
Purchase Price
$437k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,686
Downpayment
20%
$87,320
Closing costs
1%
$4,366
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,897
Total Expenses
$3,594
Mortgage P&I
81%
$2,353
Property Taxes
10%
$295
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0