This property looks like a bad Long-Term investment with a projected -17.34% first-year return on $93,240 initial cash invested.
-17.34%
Cash On Cash
3.29%
Cap Rate
0.5
DSCR
$2,247
Rent
-$1,347
Cashflow
Cash Flow
$2,247 income − $3,594 expenses = $1,347 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,240
Downpayment
20%
$88,800
Closing costs
1%
$4,440
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,247
Total Expenses
$3,594
Mortgage P&I
109%
$2,451
Property Taxes
17%
$390
Home Insurance
7%
$157
HOA
1%
$12
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0