This property looks like a bad Long-Term investment with a projected -16.59% first-year return on $92,820 initial cash invested.
-16.59%
Cash On Cash
3.17%
Cap Rate
0.5
DSCR
$2,232
Rent
-$1,283
Cashflow
Cash Flow
$2,232 income − $3,515 expenses = $1,283 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,820
Downpayment
20%
$88,400
Closing costs
1%
$4,420
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,232
Total Expenses
$3,515
Mortgage P&I
105%
$2,338
Property Taxes
19%
$428
Home Insurance
8%
$168
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0