This property looks like a bad Long-Term investment with a projected -14.38% first-year return on $93,030 initial cash invested.
-14.38%
Cash On Cash
3.96%
Cap Rate
0.6
DSCR
$2,423
Rent
-$1,115
Cashflow
Cash Flow
$2,423 income − $3,538 expenses = $1,115 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,030
Downpayment
20%
$88,600
Closing costs
1%
$4,430
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,423
Total Expenses
$3,538
Mortgage P&I
101%
$2,455
Property Taxes
11%
$273
Home Insurance
7%
$158
HOA
1%
$23
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0