This property looks like a bad Long-Term investment with a projected -11.12% first-year return on $92,778 initial cash invested.
-11.12%
Cash On Cash
4.61%
Cap Rate
0.7
DSCR
$2,768
Rent
-$860
Cashflow
Cash Flow
$2,768 income − $3,628 expenses = $860 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,768
Total Expenses
$3,628
Mortgage P&I
87%
$2,420
Property Taxes
12%
$331
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0