This property looks like a bad Long-Term investment with a projected -17.25% first-year return on $91,959 initial cash invested.
-17.25%
Cash On Cash
2.81%
Cap Rate
0.46
DSCR
$2,203
Rent
-$1,322
Cashflow
Cash Flow
$2,203 income − $3,525 expenses = $1,322 out of pocket
Investment Breakdown
|
Purchase Price
$438k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,959
Downpayment
20%
$87,580
Closing costs
1%
$4,379
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,203
Total Expenses
$3,525
Mortgage P&I
102%
$2,237
Property Taxes
25%
$558
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0