This property looks like a bad Long-Term investment with a projected -15.08% first-year return on $93,009 initial cash invested.
-15.08%
Cash On Cash
3.41%
Cap Rate
0.54
DSCR
$2,345
Rent
-$1,169
Cashflow
Cash Flow
$2,345 income − $3,514 expenses = $1,169 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,009
Downpayment
20%
$88,580
Closing costs
1%
$4,429
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,345
Total Expenses
$3,514
Mortgage P&I
99%
$2,310
Property Taxes
19%
$437
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0