This property looks like a bad Long-Term investment with a projected -12.73% first-year return on $93,030 initial cash invested.
-12.73%
Cash On Cash
3.66%
Cap Rate
0.62
DSCR
$2,857
Rent
-$987
Cashflow
Cash Flow
$2,857 income − $3,844 expenses = $987 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,030
Downpayment
20%
$88,600
Closing costs
1%
$4,430
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,857
Total Expenses
$3,844
Mortgage P&I
77%
$2,195
Property Taxes
27%
$762
Home Insurance
5%
$144
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0