This property looks like a bad Long-Term investment with a projected -10.39% first-year return on $91,917 initial cash invested.
-10.39%
Cash On Cash
4.29%
Cap Rate
0.71
DSCR
$2,929
Rent
-$796
Cashflow
Cash Flow
$2,929 income − $3,725 expenses = $796 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,917
Downpayment
20%
$87,540
Closing costs
1%
$4,377
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,929
Total Expenses
$3,725
Mortgage P&I
76%
$2,213
Property Taxes
20%
$572
Home Insurance
6%
$179
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0