This property looks like a bad Long-Term investment with a projected -13.4% first-year return on $93,156 initial cash invested.
-13.4%
Cash On Cash
4.08%
Cap Rate
0.62
DSCR
$2,361
Rent
-$1,040
Cashflow
Cash Flow
$2,361 income − $3,401 expenses = $1,040 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,156
Downpayment
20%
$88,720
Closing costs
1%
$4,436
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,361
Total Expenses
$3,401
Mortgage P&I
103%
$2,429
Property Taxes
9%
$201
Home Insurance
7%
$157
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0