This property looks like a bad Long-Term investment with a projected -15.64% first-year return on $93,051 initial cash invested.
-15.64%
Cash On Cash
3.54%
Cap Rate
0.54
DSCR
$2,312
Rent
-$1,213
Cashflow
Cash Flow
$2,312 income − $3,525 expenses = $1,213 out of pocket
Investment Breakdown
|
Purchase Price
$443k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,051
Downpayment
20%
$88,620
Closing costs
1%
$4,431
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,312
Total Expenses
$3,525
Mortgage P&I
104%
$2,405
Property Taxes
16%
$364
Home Insurance
7%
$154
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0