This property looks like a bad Long-Term investment with a projected -15.63% first-year return on $92,694 initial cash invested.
-15.63%
Cash On Cash
3.62%
Cap Rate
0.55
DSCR
$2,404
Rent
-$1,207
Cashflow
Cash Flow
$2,404 income − $3,611 expenses = $1,207 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,694
Downpayment
20%
$88,280
Closing costs
1%
$4,414
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,404
Total Expenses
$3,611
Mortgage P&I
101%
$2,420
Property Taxes
17%
$409
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0