This property looks like a bad Long-Term investment with a projected -22.41% first-year return on $94,290 initial cash invested.
-22.41%
Cash On Cash
2.22%
Cap Rate
0.33
DSCR
$2,167
Rent
-$1,761
Cashflow
Cash Flow
$2,167 income − $3,928 expenses = $1,761 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,290
Downpayment
20%
$89,800
Closing costs
1%
$4,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,167
Total Expenses
$3,928
Mortgage P&I
115%
$2,484
Property Taxes
33%
$724
Home Insurance
7%
$157
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0