This property looks like a bad Long-Term investment with a projected -12.68% first-year return on $93,324 initial cash invested.
-12.68%
Cash On Cash
3.81%
Cap Rate
0.62
DSCR
$2,391
Rent
-$986
Cashflow
Cash Flow
$2,391 income − $3,377 expenses = $986 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,324
Downpayment
20%
$88,880
Closing costs
1%
$4,444
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,391
Total Expenses
$3,377
Mortgage P&I
95%
$2,276
Property Taxes
13%
$320
Home Insurance
7%
$159
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$143
Maintenance
5%
$120
Other
0%
$0