This property looks like a bad Long-Term investment with a projected -19.84% first-year return on $93,198 initial cash invested.
-19.84%
Cash On Cash
2.57%
Cap Rate
0.4
DSCR
$1,905
Rent
-$1,541
Cashflow
Cash Flow
$1,905 income − $3,446 expenses = $1,541 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,198
Downpayment
20%
$88,760
Closing costs
1%
$4,438
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,905
Total Expenses
$3,446
Mortgage P&I
126%
$2,397
Property Taxes
21%
$398
Home Insurance
8%
$157
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0