This property looks like a bad Long-Term investment with a projected -10.71% first-year return on $93,219 initial cash invested.
-10.71%
Cash On Cash
4.77%
Cap Rate
0.72
DSCR
$3,144
Rent
-$832
Cashflow
Cash Flow
$3,144 income − $3,976 expenses = $832 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,219
Downpayment
20%
$88,780
Closing costs
1%
$4,439
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,144
Total Expenses
$3,976
Mortgage P&I
78%
$2,440
Property Taxes
18%
$553
Home Insurance
5%
$166
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$189
Maintenance
5%
$157
Other
0%
$0