This property looks like a bad Long-Term investment with a projected -14.2% first-year return on $93,303 initial cash invested.
-14.2%
Cash On Cash
3.99%
Cap Rate
0.61
DSCR
$2,919
Rent
-$1,104
Cashflow
Cash Flow
$2,919 income − $4,023 expenses = $1,104 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,919
Total Expenses
$4,023
Mortgage P&I
83%
$2,434
Property Taxes
23%
$672
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0