This property looks like a bad Long-Term investment with a projected -11.4% first-year return on $92,652 initial cash invested.
-11.4%
Cash On Cash
4.13%
Cap Rate
0.67
DSCR
$2,616
Rent
-$880
Cashflow
Cash Flow
$2,616 income − $3,496 expenses = $880 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,652
Downpayment
20%
$88,240
Closing costs
1%
$4,412
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,616
Total Expenses
$3,496
Mortgage P&I
87%
$2,267
Property Taxes
13%
$340
Home Insurance
6%
$158
HOA
2%
$50
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0