This property looks like a bad Long-Term investment with a projected -13.05% first-year return on $93,135 initial cash invested.
-13.05%
Cash On Cash
3.96%
Cap Rate
0.62
DSCR
$2,214
Rent
-$1,013
Cashflow
Cash Flow
$2,214 income − $3,227 expenses = $1,013 out of pocket
Investment Breakdown
|
Purchase Price
$444k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,135
Downpayment
20%
$88,700
Closing costs
1%
$4,435
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,214
Total Expenses
$3,227
Mortgage P&I
107%
$2,367
Property Taxes
5%
$121
Home Insurance
7%
$163
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0