This property looks like a bad Long-Term investment with a projected -12.63% first-year return on $92,904 initial cash invested.
-12.63%
Cash On Cash
4.16%
Cap Rate
0.64
DSCR
$2,260
Rent
-$978
Cashflow
Cash Flow
$2,260 income − $3,238 expenses = $978 out of pocket
Investment Breakdown
|
Purchase Price
$442k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,904
Downpayment
20%
$88,480
Closing costs
1%
$4,424
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,260
Total Expenses
$3,238
Mortgage P&I
106%
$2,399
Property Taxes
4%
$88
Home Insurance
7%
$163
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0