This property looks like a bad Long-Term investment with a projected -12.36% first-year return on $93,030 initial cash invested.
-12.36%
Cash On Cash
3.98%
Cap Rate
0.64
DSCR
$2,406
Rent
-$958
Cashflow
Cash Flow
$2,406 income − $3,364 expenses = $958 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,406
Total Expenses
$3,364
Mortgage P&I
96%
$2,309
Property Taxes
11%
$274
Home Insurance
6%
$156
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0