This property looks like a bad Long-Term investment with a projected -18.05% first-year return on $92,862 initial cash invested.
-18.05%
Cash On Cash
3.08%
Cap Rate
0.47
DSCR
$2,595
Rent
-$1,397
Cashflow
Cash Flow
$2,595 income − $3,992 expenses = $1,397 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,862
Downpayment
20%
$88,440
Closing costs
1%
$4,422
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,595
Total Expenses
$3,992
Mortgage P&I
93%
$2,403
Property Taxes
24%
$624
Home Insurance
7%
$185
HOA
4%
$104
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0