This property looks like a bad Long-Term investment with a projected -11.41% first-year return on $92,883 initial cash invested.
-11.41%
Cash On Cash
4.55%
Cap Rate
0.69
DSCR
$2,585
Rent
-$883
Cashflow
Cash Flow
$2,585 income − $3,468 expenses = $883 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,883
Downpayment
20%
$88,460
Closing costs
1%
$4,423
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,585
Total Expenses
$3,468
Mortgage P&I
94%
$2,431
Property Taxes
8%
$210
Home Insurance
6%
$156
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0