This property looks like a bad Long-Term investment with a projected -4.21% first-year return on $94,290 initial cash invested.
-4.21%
Cash On Cash
5.51%
Cap Rate
0.92
DSCR
$3,019
Rent
-$331
Cashflow
Cash Flow
$3,019 income − $3,350 expenses = $331 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
6.4%
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
$3,019
Total Expenses
$3,350
Mortgage P&I
74%
$2,241
Property Taxes
6%
$167
Home Insurance
5%
$157
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0