This property looks like a bad Long-Term investment with a projected -10.76% first-year return on $93,303 initial cash invested.
-10.76%
Cash On Cash
4.23%
Cap Rate
0.7
DSCR
$3,068
Rent
-$837
Cashflow
Cash Flow
$3,068 income − $3,905 expenses = $837 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,303
Downpayment
20%
$88,860
Closing costs
1%
$4,443
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,068
Total Expenses
$3,905
Mortgage P&I
73%
$2,251
Property Taxes
23%
$698
Home Insurance
5%
$159
HOA
0%
$0
Property Management
10%
$307
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0