This property looks like a bad Long-Term investment with a projected -8.46% first-year return on $93,030 initial cash invested.
-8.46%
Cash On Cash
5.34%
Cap Rate
0.8
DSCR
$3,503
Rent
-$656
Cashflow
Cash Flow
$3,503 income − $4,159 expenses = $656 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,503
Total Expenses
$4,159
Mortgage P&I
70%
$2,452
Property Taxes
18%
$613
Home Insurance
5%
$184
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0