This property looks like a bad Long-Term investment with a projected -10.75% first-year return on $94,080 initial cash invested.
-10.75%
Cash On Cash
4.68%
Cap Rate
0.72
DSCR
$3,117
Rent
-$843
Cashflow
Cash Flow
$3,117 income − $3,960 expenses = $843 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,080
Downpayment
20%
$89,600
Closing costs
1%
$4,480
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,117
Total Expenses
$3,960
Mortgage P&I
78%
$2,436
Property Taxes
17%
$543
Home Insurance
5%
$170
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0