This property looks like a bad Long-Term investment with a projected -17.63% first-year return on $93,093 initial cash invested.
-17.63%
Cash On Cash
3.09%
Cap Rate
0.47
DSCR
$2,004
Rent
-$1,368
Cashflow
Cash Flow
$2,004 income − $3,372 expenses = $1,368 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,093
Downpayment
20%
$88,660
Closing costs
1%
$4,433
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,004
Total Expenses
$3,372
Mortgage P&I
120%
$2,408
Property Taxes
15%
$292
Home Insurance
8%
$152
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0