This property looks like a bad Long-Term investment with a projected -5.59% first-year return on $92,883 initial cash invested.
-5.59%
Cash On Cash
5.57%
Cap Rate
0.88
DSCR
$3,050
Rent
-$433
Cashflow
Cash Flow
$3,050 income − $3,483 expenses = $433 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,883
Downpayment
20%
$88,460
Closing costs
1%
$4,423
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,050
Total Expenses
$3,483
Mortgage P&I
77%
$2,335
Property Taxes
6%
$195
Home Insurance
5%
$161
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0