This property looks like a bad Long-Term investment with a projected -11.3% first-year return on $90,720 initial cash invested.
-11.3%
Cash On Cash
4.58%
Cap Rate
0.7
DSCR
$2,792
Rent
-$854
Cashflow
Cash Flow
$2,792 income − $3,646 expenses = $854 out of pocket
Investment Breakdown
|
Purchase Price
$432k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,720
Downpayment
20%
$86,400
Closing costs
1%
$4,320
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,792
Total Expenses
$3,646
Mortgage P&I
85%
$2,361
Property Taxes
14%
$384
Home Insurance
6%
$159
HOA
1%
$15
Property Management
10%
$279
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0