This property looks like a bad Long-Term investment with a projected -13.75% first-year return on $91,833 initial cash invested.
-13.75%
Cash On Cash
4.04%
Cap Rate
0.62
DSCR
$2,630
Rent
-$1,052
Cashflow
Cash Flow
$2,630 income − $3,682 expenses = $1,052 out of pocket
Investment Breakdown
|
Purchase Price
$437k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,833
Downpayment
20%
$87,460
Closing costs
1%
$4,373
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,630
Total Expenses
$3,682
Mortgage P&I
91%
$2,394
Property Taxes
16%
$417
Home Insurance
6%
$166
HOA
1%
$20
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0