This property looks like a bad Long-Term investment with a projected -11.6% first-year return on $92,799 initial cash invested.
-11.6%
Cash On Cash
4.53%
Cap Rate
0.68
DSCR
$2,572
Rent
-$897
Cashflow
Cash Flow
$2,572 income − $3,469 expenses = $897 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,799
Downpayment
20%
$88,380
Closing costs
1%
$4,419
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,572
Total Expenses
$3,469
Mortgage P&I
95%
$2,438
Property Taxes
8%
$203
Home Insurance
6%
$159
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$129
Vacancy
6%
$154
Maintenance
5%
$129
Other
0%
$0