This property looks like a bad Long-Term investment with a projected -11.57% first-year return on $93,744 initial cash invested.
-11.57%
Cash On Cash
4.31%
Cap Rate
0.67
DSCR
$2,268
Rent
-$904
Cashflow
Cash Flow
$2,268 income − $3,172 expenses = $904 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,744
Downpayment
20%
$89,280
Closing costs
1%
$4,464
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,268
Total Expenses
$3,172
Mortgage P&I
106%
$2,394
Property Taxes
1%
$31
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0