This property looks like a bad Long-Term investment with a projected -12.91% first-year return on $91,917 initial cash invested.
-12.91%
Cash On Cash
4.33%
Cap Rate
0.65
DSCR
$2,636
Rent
-$989
Cashflow
Cash Flow
$2,636 income − $3,625 expenses = $989 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,917
Downpayment
20%
$87,540
Closing costs
1%
$4,377
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,636
Total Expenses
$3,625
Mortgage P&I
92%
$2,437
Property Taxes
13%
$348
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0