This property looks like a bad Long-Term investment with a projected -15.48% first-year return on $92,841 initial cash invested.
-15.48%
Cash On Cash
3.63%
Cap Rate
0.56
DSCR
$2,849
Rent
-$1,198
Cashflow
Cash Flow
$2,849 income − $4,047 expenses = $1,198 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,841
Downpayment
20%
$88,420
Closing costs
1%
$4,421
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,849
Total Expenses
$4,047
Mortgage P&I
84%
$2,392
Property Taxes
27%
$758
Home Insurance
6%
$157
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0