This property looks like a bad Long-Term investment with a projected -13.53% first-year return on $92,757 initial cash invested.
-13.53%
Cash On Cash
3.97%
Cap Rate
0.61
DSCR
$2,457
Rent
-$1,046
Cashflow
Cash Flow
$2,457 income − $3,503 expenses = $1,046 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,757
Downpayment
20%
$88,340
Closing costs
1%
$4,417
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,457
Total Expenses
$3,503
Mortgage P&I
97%
$2,385
Property Taxes
13%
$327
Home Insurance
6%
$152
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0