This property looks like a bad Long-Term investment with a projected -11.94% first-year return on $93,975 initial cash invested.
-11.94%
Cash On Cash
3.93%
Cap Rate
0.64
DSCR
$2,561
Rent
-$935
Cashflow
Cash Flow
$2,561 income − $3,496 expenses = $935 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,975
Downpayment
20%
$89,500
Closing costs
1%
$4,475
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,561
Total Expenses
$3,496
Mortgage P&I
89%
$2,273
Property Taxes
16%
$399
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0