This property looks like a bad Long-Term investment with a projected -8.04% first-year return on $93,156 initial cash invested.
-8.04%
Cash On Cash
5.39%
Cap Rate
0.82
DSCR
$3,498
Rent
-$624
Cashflow
Cash Flow
$3,498 income − $4,122 expenses = $624 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,156
Downpayment
20%
$88,720
Closing costs
1%
$4,436
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,498
Total Expenses
$4,122
Mortgage P&I
70%
$2,440
Property Taxes
18%
$614
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0