This property looks like a bad Long-Term investment with a projected -16.08% first-year return on $93,555 initial cash invested.
-16.08%
Cash On Cash
3.52%
Cap Rate
0.53
DSCR
$2,286
Rent
-$1,254
Cashflow
Cash Flow
$2,286 income − $3,540 expenses = $1,254 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,555
Downpayment
20%
$89,100
Closing costs
1%
$4,455
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,286
Total Expenses
$3,540
Mortgage P&I
107%
$2,448
Property Taxes
15%
$340
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0