This property looks like a bad Long-Term investment with a projected -12% first-year return on $92,610 initial cash invested.
-12%
Cash On Cash
4.34%
Cap Rate
0.67
DSCR
$2,485
Rent
-$926
Cashflow
Cash Flow
$2,485 income − $3,411 expenses = $926 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,610
Downpayment
20%
$88,200
Closing costs
1%
$4,410
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,485
Total Expenses
$3,411
Mortgage P&I
97%
$2,398
Property Taxes
9%
$216
Home Insurance
6%
$152
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0