This property looks like a bad Long-Term investment with a projected -13.59% first-year return on $91,812 initial cash invested.
-13.59%
Cash On Cash
3.75%
Cap Rate
0.6
DSCR
$2,453
Rent
-$1,040
Cashflow
Cash Flow
$2,453 income − $3,493 expenses = $1,040 out of pocket
Investment Breakdown
|
Purchase Price
$437k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,812
Downpayment
20%
$87,440
Closing costs
1%
$4,372
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,453
Total Expenses
$3,493
Mortgage P&I
93%
$2,282
Property Taxes
16%
$398
Home Insurance
6%
$158
HOA
1%
$17
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0