This property looks like a bad Long-Term investment with a projected -15.87% first-year return on $92,547 initial cash invested.
-15.87%
Cash On Cash
3.61%
Cap Rate
0.55
DSCR
$2,439
Rent
-$1,224
Cashflow
Cash Flow
$2,439 income − $3,663 expenses = $1,224 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,547
Downpayment
20%
$88,140
Closing costs
1%
$4,407
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,439
Total Expenses
$3,663
Mortgage P&I
100%
$2,427
Property Taxes
18%
$444
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0