This property looks like a bad Long-Term investment with a projected -5.86% first-year return on $93,030 initial cash invested.
-5.86%
Cash On Cash
5.83%
Cap Rate
0.88
DSCR
$3,193
Rent
-$454
Cashflow
Cash Flow
$3,193 income − $3,647 expenses = $454 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,193
Total Expenses
$3,647
Mortgage P&I
77%
$2,446
Property Taxes
7%
$212
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$319
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0