This property looks like a bad Long-Term investment with a projected -12.3% first-year return on $91,875 initial cash invested.
-12.3%
Cash On Cash
4.54%
Cap Rate
0.68
DSCR
$3,042
Rent
-$942
Cashflow
Cash Flow
$3,042 income − $3,984 expenses = $942 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,875
Downpayment
20%
$87,500
Closing costs
1%
$4,375
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,042
Total Expenses
$3,984
Mortgage P&I
80%
$2,447
Property Taxes
19%
$571
Home Insurance
5%
$154
HOA
1%
$21
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0