This property looks like a bad Long-Term investment with a projected -15.98% first-year return on $91,938 initial cash invested.
-15.98%
Cash On Cash
3.38%
Cap Rate
0.53
DSCR
$2,275
Rent
-$1,224
Cashflow
Cash Flow
$2,275 income − $3,499 expenses = $1,224 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,938
Downpayment
20%
$87,560
Closing costs
1%
$4,378
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,275
Total Expenses
$3,499
Mortgage P&I
103%
$2,343
Property Taxes
18%
$408
Home Insurance
7%
$156
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0