This property looks like a bad Long-Term investment with a projected -12.75% first-year return on $92,610 initial cash invested.
-12.75%
Cash On Cash
3.8%
Cap Rate
0.62
DSCR
$2,522
Rent
-$984
Cashflow
Cash Flow
$2,522 income − $3,506 expenses = $984 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,610
Downpayment
20%
$88,200
Closing costs
1%
$4,410
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,522
Total Expenses
$3,506
Mortgage P&I
89%
$2,256
Property Taxes
15%
$382
Home Insurance
6%
$158
HOA
2%
$55
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0