This property looks like a bad Long-Term investment with a projected -18.73% first-year return on $93,240 initial cash invested.
-18.73%
Cash On Cash
3.01%
Cap Rate
0.45
DSCR
$2,307
Rent
-$1,455
Cashflow
Cash Flow
$2,307 income − $3,762 expenses = $1,455 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,240
Downpayment
20%
$88,800
Closing costs
1%
$4,440
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,307
Total Expenses
$3,762
Mortgage P&I
106%
$2,453
Property Taxes
24%
$552
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0