This property looks like a bad Long-Term investment with a projected -12.46% first-year return on $93,324 initial cash invested.
-12.46%
Cash On Cash
3.93%
Cap Rate
0.63
DSCR
$2,530
Rent
-$969
Cashflow
Cash Flow
$2,530 income − $3,499 expenses = $969 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,324
Downpayment
20%
$88,880
Closing costs
1%
$4,444
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,530
Total Expenses
$3,499
Mortgage P&I
91%
$2,297
Property Taxes
15%
$382
Home Insurance
6%
$163
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0