This property looks like a bad Long-Term investment with a projected -11.57% first-year return on $92,022 initial cash invested.
-11.57%
Cash On Cash
4.49%
Cap Rate
0.68
DSCR
$2,446
Rent
-$887
Cashflow
Cash Flow
$2,446 income − $3,333 expenses = $887 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,022
Downpayment
20%
$87,640
Closing costs
1%
$4,382
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,446
Total Expenses
$3,333
Mortgage P&I
98%
$2,406
Property Taxes
5%
$116
Home Insurance
6%
$156
HOA
1%
$19
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0