This property looks like a bad Long-Term investment with a projected -18.36% first-year return on $93,114 initial cash invested.
-18.36%
Cash On Cash
3.14%
Cap Rate
0.47
DSCR
$2,828
Rent
-$1,425
Cashflow
Cash Flow
$2,828 income − $4,253 expenses = $1,425 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,114
Downpayment
20%
$88,680
Closing costs
1%
$4,434
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,828
Total Expenses
$4,253
Mortgage P&I
86%
$2,444
Property Taxes
31%
$883
Home Insurance
6%
$158
HOA
1%
$33
Property Management
10%
$283
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0