This property looks like a bad Long-Term investment with a projected -12.85% first-year return on $90,699 initial cash invested.
-12.85%
Cash On Cash
4.26%
Cap Rate
0.65
DSCR
$2,555
Rent
-$971
Cashflow
Cash Flow
$2,555 income − $3,526 expenses = $971 out of pocket
Investment Breakdown
|
Purchase Price
$432k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,699
Downpayment
20%
$86,380
Closing costs
1%
$4,319
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,555
Total Expenses
$3,526
Mortgage P&I
93%
$2,375
Property Taxes
13%
$334
Home Insurance
6%
$152
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0