This property looks like a bad Long-Term investment with a projected -8.84% first-year return on $93,009 initial cash invested.
-8.84%
Cash On Cash
5.04%
Cap Rate
0.77
DSCR
$2,716
Rent
-$685
Cashflow
Cash Flow
$2,716 income − $3,401 expenses = $685 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,009
Downpayment
20%
$88,580
Closing costs
1%
$4,429
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,716
Total Expenses
$3,401
Mortgage P&I
89%
$2,408
Property Taxes
6%
$164
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0