This property looks like a bad Long-Term investment with a projected -7.31% first-year return on $93,030 initial cash invested.
-7.31%
Cash On Cash
5%
Cap Rate
0.82
DSCR
$3,391
Rent
-$567
Cashflow
Cash Flow
$3,391 income − $3,958 expenses = $567 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,030
Downpayment
20%
$88,600
Closing costs
1%
$4,430
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,391
Total Expenses
$3,958
Mortgage P&I
66%
$2,243
Property Taxes
20%
$677
Home Insurance
5%
$156
HOA
0%
$0
Property Management
10%
$339
CapEx
5%
$170
Vacancy
6%
$203
Maintenance
5%
$170
Other
0%
$0