This property looks like a bad Long-Term investment with a projected -13.09% first-year return on $92,715 initial cash invested.
-13.09%
Cash On Cash
4.03%
Cap Rate
0.63
DSCR
$2,592
Rent
-$1,011
Cashflow
Cash Flow
$2,592 income − $3,603 expenses = $1,011 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,715
Downpayment
20%
$88,300
Closing costs
1%
$4,415
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,592
Total Expenses
$3,603
Mortgage P&I
91%
$2,363
Property Taxes
16%
$415
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0