This property looks like a bad Long-Term investment with a projected -9.62% first-year return on $92,694 initial cash invested.
-9.62%
Cash On Cash
4.87%
Cap Rate
0.75
DSCR
$2,687
Rent
-$743
Cashflow
Cash Flow
$2,687 income − $3,430 expenses = $743 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,694
Downpayment
20%
$88,280
Closing costs
1%
$4,414
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,687
Total Expenses
$3,430
Mortgage P&I
89%
$2,402
Property Taxes
6%
$172
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0