This property looks like a bad Long-Term investment with a projected -14.3% first-year return on $91,980 initial cash invested.
-14.3%
Cash On Cash
3.86%
Cap Rate
0.59
DSCR
$2,503
Rent
-$1,096
Cashflow
Cash Flow
$2,503 income − $3,599 expenses = $1,096 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,980
Downpayment
20%
$87,600
Closing costs
1%
$4,380
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,503
Total Expenses
$3,599
Mortgage P&I
95%
$2,380
Property Taxes
16%
$411
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0