This property looks like a bad Long-Term investment with a projected -16.45% first-year return on $92,925 initial cash invested.
-16.45%
Cash On Cash
3.55%
Cap Rate
0.53
DSCR
$1,909
Rent
-$1,274
Cashflow
Cash Flow
$1,909 income − $3,183 expenses = $1,274 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,925
Downpayment
20%
$88,500
Closing costs
1%
$4,425
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,909
Total Expenses
$3,183
Mortgage P&I
130%
$2,488
Property Taxes
2%
$44
Home Insurance
8%
$155
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$95
Vacancy
6%
$115
Maintenance
5%
$95
Other
0%
$0