This property looks like a bad Long-Term investment with a projected -11.79% first-year return on $92,526 initial cash invested.
-11.79%
Cash On Cash
4.03%
Cap Rate
0.65
DSCR
$2,522
Rent
-$909
Cashflow
Cash Flow
$2,522 income − $3,431 expenses = $909 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,526
Downpayment
20%
$88,120
Closing costs
1%
$4,406
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,522
Total Expenses
$3,431
Mortgage P&I
90%
$2,262
Property Taxes
14%
$360
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0