This property looks like a bad Long-Term investment with a projected -13.79% first-year return on $91,896 initial cash invested.
-13.79%
Cash On Cash
3.98%
Cap Rate
0.61
DSCR
$2,166
Rent
-$1,056
Cashflow
Cash Flow
$2,166 income − $3,222 expenses = $1,056 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,896
Downpayment
20%
$87,520
Closing costs
1%
$4,376
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,166
Total Expenses
$3,222
Mortgage P&I
111%
$2,401
Property Taxes
2%
$46
Home Insurance
7%
$158
HOA
2%
$54
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0