This property looks like a bad Long-Term investment with a projected -16.33% first-year return on $93,240 initial cash invested.
-16.33%
Cash On Cash
3.35%
Cap Rate
0.52
DSCR
$2,275
Rent
-$1,269
Cashflow
Cash Flow
$2,275 income − $3,544 expenses = $1,269 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,275
Total Expenses
$3,544
Mortgage P&I
105%
$2,393
Property Taxes
18%
$401
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0