This property looks like a bad Long-Term investment with a projected -10.87% first-year return on $94,290 initial cash invested.
-10.87%
Cash On Cash
4.51%
Cap Rate
0.7
DSCR
$2,821
Rent
-$854
Cashflow
Cash Flow
$2,821 income − $3,675 expenses = $854 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,821
Total Expenses
$3,675
Mortgage P&I
85%
$2,399
Property Taxes
13%
$353
Home Insurance
6%
$157
HOA
1%
$33
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0