This property looks like a bad Long-Term investment with a projected -18.56% first-year return on $92,001 initial cash invested.
-18.56%
Cash On Cash
2.63%
Cap Rate
0.43
DSCR
$2,543
Rent
-$1,423
Cashflow
Cash Flow
$2,543 income − $3,966 expenses = $1,423 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,001
Downpayment
20%
$87,620
Closing costs
1%
$4,381
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,543
Total Expenses
$3,966
Mortgage P&I
89%
$2,257
Property Taxes
23%
$585
Home Insurance
6%
$158
HOA
12%
$305
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0