This property looks like a bad Long-Term investment with a projected -11.32% first-year return on $92,883 initial cash invested.
-11.32%
Cash On Cash
4.12%
Cap Rate
0.67
DSCR
$2,468
Rent
-$876
Cashflow
Cash Flow
$2,468 income − $3,344 expenses = $876 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,883
Downpayment
20%
$88,460
Closing costs
1%
$4,423
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,468
Total Expenses
$3,344
Mortgage P&I
92%
$2,270
Property Taxes
11%
$275
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0