This property looks like a bad Long-Term investment with a projected -10.43% first-year return on $93,093 initial cash invested.
-10.43%
Cash On Cash
4.88%
Cap Rate
0.73
DSCR
$2,901
Rent
-$809
Cashflow
Cash Flow
$2,901 income − $3,710 expenses = $809 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,093
Downpayment
20%
$88,660
Closing costs
1%
$4,433
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,901
Total Expenses
$3,710
Mortgage P&I
85%
$2,468
Property Taxes
9%
$272
Home Insurance
5%
$156
HOA
2%
$60
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0