This property looks like a bad Long-Term investment with a projected -10.84% first-year return on $92,547 initial cash invested.
-10.84%
Cash On Cash
4.24%
Cap Rate
0.69
DSCR
$2,774
Rent
-$836
Cashflow
Cash Flow
$2,774 income − $3,610 expenses = $836 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,547
Downpayment
20%
$88,140
Closing costs
1%
$4,407
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,774
Total Expenses
$3,610
Mortgage P&I
81%
$2,255
Property Taxes
17%
$476
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$139
Vacancy
6%
$166
Maintenance
5%
$139
Other
0%
$0