This property looks like a bad Long-Term investment with a projected -13.55% first-year return on $91,833 initial cash invested.
-13.55%
Cash On Cash
4.02%
Cap Rate
0.61
DSCR
$2,124
Rent
-$1,037
Cashflow
Cash Flow
$2,124 income − $3,161 expenses = $1,037 out of pocket
Investment Breakdown
|
Purchase Price
$437k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,833
Downpayment
20%
$87,460
Closing costs
1%
$4,373
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,124
Total Expenses
$3,161
Mortgage P&I
113%
$2,395
Property Taxes
3%
$57
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0