This property looks like a bad Long-Term investment with a projected -11.67% first-year return on $92,022 initial cash invested.
-11.67%
Cash On Cash
4.31%
Cap Rate
0.68
DSCR
$2,788
Rent
-$895
Cashflow
Cash Flow
$2,788 income − $3,683 expenses = $895 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,022
Downpayment
20%
$87,640
Closing costs
1%
$4,382
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,788
Total Expenses
$3,683
Mortgage P&I
84%
$2,329
Property Taxes
17%
$473
Home Insurance
5%
$147
HOA
0%
$10
Property Management
10%
$279
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0