This property looks like a bad Long-Term investment with a projected -15.22% first-year return on $92,589 initial cash invested.
-15.22%
Cash On Cash
3.65%
Cap Rate
0.56
DSCR
$2,394
Rent
-$1,174
Cashflow
Cash Flow
$2,394 income − $3,568 expenses = $1,174 out of pocket
Investment Breakdown
|
Purchase Price
$441k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,589
Downpayment
20%
$88,180
Closing costs
1%
$4,409
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,394
Total Expenses
$3,568
Mortgage P&I
100%
$2,395
Property Taxes
17%
$396
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0