This property looks like a bad Long-Term investment with a projected -8.15% first-year return on $92,715 initial cash invested.
-8.15%
Cash On Cash
5.26%
Cap Rate
0.8
DSCR
$2,836
Rent
-$630
Cashflow
Cash Flow
$2,836 income − $3,466 expenses = $630 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,715
Downpayment
20%
$88,300
Closing costs
1%
$4,415
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,836
Total Expenses
$3,466
Mortgage P&I
85%
$2,423
Property Taxes
5%
$141
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0