This property looks like a bad Long-Term investment with a projected -19.11% first-year return on $93,135 initial cash invested.
-19.11%
Cash On Cash
2.55%
Cap Rate
0.4
DSCR
$1,800
Rent
-$1,483
Cashflow
Cash Flow
$1,800 income − $3,283 expenses = $1,483 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,135
Downpayment
20%
$88,700
Closing costs
1%
$4,435
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,800
Total Expenses
$3,283
Mortgage P&I
130%
$2,337
Property Taxes
18%
$317
Home Insurance
9%
$161
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0