This property looks like a bad Long-Term investment with a projected -19.39% first-year return on $92,778 initial cash invested.
-19.39%
Cash On Cash
2.74%
Cap Rate
0.42
DSCR
$2,310
Rent
-$1,499
Cashflow
Cash Flow
$2,310 income − $3,809 expenses = $1,499 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,778
Downpayment
20%
$88,360
Closing costs
1%
$4,418
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,310
Total Expenses
$3,809
Mortgage P&I
103%
$2,390
Property Taxes
29%
$661
Home Insurance
7%
$156
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0