This property looks like a bad Long-Term investment with a projected -17.82% first-year return on $93,870 initial cash invested.
-17.82%
Cash On Cash
3%
Cap Rate
0.47
DSCR
$2,265
Rent
-$1,394
Cashflow
Cash Flow
$2,265 income − $3,659 expenses = $1,394 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,870
Downpayment
20%
$89,400
Closing costs
1%
$4,470
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,265
Total Expenses
$3,659
Mortgage P&I
106%
$2,398
Property Taxes
12%
$267
Home Insurance
7%
$156
HOA
11%
$250
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0