This property looks like a bad Long-Term investment with a projected -16.27% first-year return on $91,980 initial cash invested.
-16.27%
Cash On Cash
3.12%
Cap Rate
0.5
DSCR
$2,036
Rent
-$1,247
Cashflow
Cash Flow
$2,036 income − $3,283 expenses = $1,247 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,980
Downpayment
20%
$87,600
Closing costs
1%
$4,380
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,036
Total Expenses
$3,283
Mortgage P&I
112%
$2,285
Property Taxes
15%
$310
Home Insurance
8%
$158
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0