This property looks like a bad Long-Term investment with a projected -12.83% first-year return on $93,072 initial cash invested.
-12.83%
Cash On Cash
4.02%
Cap Rate
0.63
DSCR
$2,513
Rent
-$995
Cashflow
Cash Flow
$2,513 income − $3,508 expenses = $995 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,072
Downpayment
20%
$88,640
Closing costs
1%
$4,432
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,513
Total Expenses
$3,508
Mortgage P&I
94%
$2,355
Property Taxes
14%
$341
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0