This property looks like a bad Long-Term investment with a projected -13.75% first-year return on $91,917 initial cash invested.
-13.75%
Cash On Cash
3.94%
Cap Rate
0.61
DSCR
$2,490
Rent
-$1,053
Cashflow
Cash Flow
$2,490 income − $3,543 expenses = $1,053 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,490
Total Expenses
$3,543
Mortgage P&I
95%
$2,365
Property Taxes
2%
$54
Home Insurance
7%
$166
HOA
13%
$312
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0