This property looks like a bad Long-Term investment with a projected -15.12% first-year return on $94,290 initial cash invested.
-15.12%
Cash On Cash
3.5%
Cap Rate
0.55
DSCR
$2,024
Rent
-$1,188
Cashflow
Cash Flow
$2,024 income − $3,212 expenses = $1,188 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,024
Total Expenses
$3,212
Mortgage P&I
118%
$2,396
Property Taxes
7%
$134
Home Insurance
8%
$157
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0