This property looks like a bad Long-Term investment with a projected -21.49% first-year return on $92,589 initial cash invested.
-21.49%
Cash On Cash
2.09%
Cap Rate
0.33
DSCR
$2,087
Rent
-$1,658
Cashflow
Cash Flow
$2,087 income − $3,745 expenses = $1,658 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,589
Downpayment
20%
$88,180
Closing costs
1%
$4,409
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,087
Total Expenses
$3,745
Mortgage P&I
111%
$2,322
Property Taxes
34%
$708
Home Insurance
7%
$156
HOA
1%
$17
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0