This property looks like a bad Long-Term investment with a projected -13.02% first-year return on $93,912 initial cash invested.
-13.02%
Cash On Cash
3.68%
Cap Rate
0.6
DSCR
$2,310
Rent
-$1,019
Cashflow
Cash Flow
$2,310 income − $3,329 expenses = $1,019 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,912
Downpayment
20%
$89,440
Closing costs
1%
$4,472
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,310
Total Expenses
$3,329
Mortgage P&I
98%
$2,273
Property Taxes
12%
$284
Home Insurance
7%
$170
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0