This property looks like a bad Long-Term investment with a projected -13.96% first-year return on $91,917 initial cash invested.
-13.96%
Cash On Cash
3.83%
Cap Rate
0.6
DSCR
$2,510
Rent
-$1,069
Cashflow
Cash Flow
$2,510 income − $3,579 expenses = $1,069 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,917
Downpayment
20%
$87,540
Closing costs
1%
$4,377
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,510
Total Expenses
$3,579
Mortgage P&I
93%
$2,341
Property Taxes
16%
$398
Home Insurance
6%
$158
HOA
1%
$28
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0