This property looks like a bad Long-Term investment with a projected -14.24% first-year return on $91,602 initial cash invested.
-14.24%
Cash On Cash
3.42%
Cap Rate
0.56
DSCR
$1,883
Rent
-$1,087
Cashflow
Cash Flow
$1,883 income − $2,970 expenses = $1,087 out of pocket
Investment Breakdown
|
Purchase Price
$436k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,602
Downpayment
20%
$87,240
Closing costs
1%
$4,362
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,883
Total Expenses
$2,970
Mortgage P&I
119%
$2,237
Property Taxes
5%
$86
Home Insurance
8%
$158
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0