This property looks like a bad Long-Term investment with a projected -11.21% first-year return on $93,450 initial cash invested.
-11.21%
Cash On Cash
4.52%
Cap Rate
0.69
DSCR
$2,339
Rent
-$873
Cashflow
Cash Flow
$2,339 income − $3,212 expenses = $873 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,450
Downpayment
20%
$89,000
Closing costs
1%
$4,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,339
Total Expenses
$3,212
Mortgage P&I
104%
$2,433
Property Taxes
1%
$15
Home Insurance
7%
$156
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0