This property looks like a bad Long-Term investment with a projected -16.81% first-year return on $92,043 initial cash invested.
-16.81%
Cash On Cash
3.51%
Cap Rate
0.53
DSCR
$2,704
Rent
-$1,289
Cashflow
Cash Flow
$2,704 income − $3,993 expenses = $1,289 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,043
Downpayment
20%
$87,660
Closing costs
1%
$4,383
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,704
Total Expenses
$3,993
Mortgage P&I
90%
$2,435
Property Taxes
26%
$698
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0