This property looks like a bad Long-Term investment with a projected -10.83% first-year return on $92,862 initial cash invested.
-10.83%
Cash On Cash
4.58%
Cap Rate
0.71
DSCR
$3,047
Rent
-$838
Cashflow
Cash Flow
$3,047 income − $3,885 expenses = $838 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,862
Downpayment
20%
$88,440
Closing costs
1%
$4,422
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,047
Total Expenses
$3,885
Mortgage P&I
78%
$2,375
Property Taxes
17%
$527
Home Insurance
5%
$161
HOA
1%
$30
Property Management
10%
$305
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0