This property looks like a bad Long-Term investment with a projected -15.63% first-year return on $92,505 initial cash invested.
-15.63%
Cash On Cash
3.4%
Cap Rate
0.53
DSCR
$2,368
Rent
-$1,205
Cashflow
Cash Flow
$2,368 income − $3,573 expenses = $1,205 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,505
Downpayment
20%
$88,100
Closing costs
1%
$4,405
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,368
Total Expenses
$3,573
Mortgage P&I
99%
$2,334
Property Taxes
20%
$466
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0