This property looks like a bad Long-Term investment with a projected -4.62% first-year return on $91,978 initial cash invested.
-4.62%
Cash On Cash
6.12%
Cap Rate
0.92
DSCR
$3,159
Rent
-$354
Cashflow
Cash Flow
$3,159 income − $3,513 expenses = $354 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,978
Downpayment
20%
$87,598
Closing costs
1%
$4,380
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,159
Total Expenses
$3,513
Mortgage P&I
77%
$2,430
Property Taxes
2%
$64
Home Insurance
5%
$153
HOA
1%
$44
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0