This property looks like a bad Long-Term investment with a projected -13.73% first-year return on $93,261 initial cash invested.
-13.73%
Cash On Cash
4.05%
Cap Rate
0.62
DSCR
$2,595
Rent
-$1,067
Cashflow
Cash Flow
$2,595 income − $3,662 expenses = $1,067 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,261
Downpayment
20%
$88,820
Closing costs
1%
$4,441
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,595
Total Expenses
$3,662
Mortgage P&I
94%
$2,435
Property Taxes
15%
$393
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0