This property looks like a bad Long-Term investment with a projected -13.43% first-year return on $93,765 initial cash invested.
-13.43%
Cash On Cash
3.95%
Cap Rate
0.61
DSCR
$2,323
Rent
-$1,049
Cashflow
Cash Flow
$2,323 income − $3,372 expenses = $1,049 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,765
Downpayment
20%
$89,300
Closing costs
1%
$4,465
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,323
Total Expenses
$3,372
Mortgage P&I
103%
$2,404
Property Taxes
9%
$208
Home Insurance
7%
$157
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0