This property looks like a bad Long-Term investment with a projected -18.3% first-year return on $94,290 initial cash invested.
-18.3%
Cash On Cash
2.85%
Cap Rate
0.45
DSCR
$2,212
Rent
-$1,438
Cashflow
Cash Flow
$2,212 income − $3,650 expenses = $1,438 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
$2,212
Total Expenses
$3,650
Mortgage P&I
108%
$2,394
Property Taxes
24%
$523
Home Insurance
7%
$157
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0