This property looks like a bad Long-Term investment with a projected -1.1% first-year return on $92,736 initial cash invested.
-1.1%
Cash On Cash
6.91%
Cap Rate
1.03
DSCR
$3,231
Rent
-$85
Cashflow
Cash Flow
$3,231 income − $3,316 expenses = $85 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,736
Downpayment
20%
$88,320
Closing costs
1%
$4,416
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,231
Total Expenses
$3,316
Mortgage P&I
76%
$2,465
Property Taxes
0%
$8
Home Insurance
0%
$2
HOA
0%
$0
Property Management
10%
$323
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0