This property looks like a bad Long-Term investment with a projected -16.41% first-year return on $92,925 initial cash invested.
-16.41%
Cash On Cash
3.33%
Cap Rate
0.52
DSCR
$2,520
Rent
-$1,271
Cashflow
Cash Flow
$2,520 income − $3,791 expenses = $1,271 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,925
Downpayment
20%
$88,500
Closing costs
1%
$4,425
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,520
Total Expenses
$3,791
Mortgage P&I
94%
$2,373
Property Taxes
24%
$608
Home Insurance
6%
$155
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0