This property looks like a bad Long-Term investment with a projected -24.12% first-year return on $93,450 initial cash invested.
-24.12%
Cash On Cash
1.74%
Cap Rate
0.26
DSCR
$1,051
Rent
-$1,878
Cashflow
Cash Flow
$1,051 income − $2,929 expenses = $1,878 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,051
Total Expenses
$2,929
Mortgage P&I
235%
$2,471
Property Taxes
3%
$28
Home Insurance
15%
$156
HOA
0%
$0
Property Management
10%
$105
CapEx
5%
$53
Vacancy
6%
$63
Maintenance
5%
$53
Other
0%
$0