This property looks like a bad Long-Term investment with a projected -13.96% first-year return on $94,206 initial cash invested.
-13.96%
Cash On Cash
3.91%
Cap Rate
0.61
DSCR
$3,030
Rent
-$1,096
Cashflow
Cash Flow
$3,030 income − $4,126 expenses = $1,096 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,206
Downpayment
20%
$89,720
Closing costs
1%
$4,486
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,030
Total Expenses
$4,126
Mortgage P&I
79%
$2,404
Property Taxes
27%
$811
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0