This property looks like a bad Long-Term investment with a projected -7.25% first-year return on $92,874 initial cash invested.
-7.25%
Cash On Cash
5.41%
Cap Rate
0.84
DSCR
$3,483
Rent
-$561
Cashflow
Cash Flow
$3,483 income − $4,044 expenses = $561 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,874
Downpayment
20%
$88,451
Closing costs
1%
$4,423
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,483
Total Expenses
$4,044
Mortgage P&I
68%
$2,380
Property Taxes
13%
$461
Home Insurance
5%
$172
HOA
4%
$126
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0