This property looks like a bad Long-Term investment with a projected -14.86% first-year return on $91,728 initial cash invested.
-14.86%
Cash On Cash
3.49%
Cap Rate
0.56
DSCR
$2,501
Rent
-$1,136
Cashflow
Cash Flow
$2,501 income − $3,637 expenses = $1,136 out of pocket
Investment Breakdown
|
Purchase Price
$437k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,728
Downpayment
20%
$87,360
Closing costs
1%
$4,368
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,501
Total Expenses
$3,637
Mortgage P&I
91%
$2,280
Property Taxes
22%
$549
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0