This property looks like a bad Long-Term investment with a projected -14.97% first-year return on $93,975 initial cash invested.
-14.97%
Cash On Cash
3.68%
Cap Rate
0.57
DSCR
$2,951
Rent
-$1,172
Cashflow
Cash Flow
$2,951 income − $4,123 expenses = $1,172 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,975
Downpayment
20%
$89,500
Closing costs
1%
$4,475
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,951
Total Expenses
$4,123
Mortgage P&I
81%
$2,398
Property Taxes
27%
$796
Home Insurance
5%
$161
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0