This property looks like a bad Long-Term investment with a projected -15.31% first-year return on $93,030 initial cash invested.
-15.31%
Cash On Cash
3.53%
Cap Rate
0.55
DSCR
$2,228
Rent
-$1,187
Cashflow
Cash Flow
$2,228 income − $3,415 expenses = $1,187 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,228
Total Expenses
$3,415
Mortgage P&I
107%
$2,380
Property Taxes
13%
$300
Home Insurance
7%
$156
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0