This property looks like a bad Long-Term investment with a projected -12.23% first-year return on $92,925 initial cash invested.
-12.23%
Cash On Cash
4.05%
Cap Rate
0.65
DSCR
$2,608
Rent
-$947
Cashflow
Cash Flow
$2,608 income − $3,555 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,925
Downpayment
20%
$88,500
Closing costs
1%
$4,425
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,608
Total Expenses
$3,555
Mortgage P&I
89%
$2,309
Property Taxes
15%
$383
Home Insurance
6%
$156
HOA
1%
$30
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0