This property looks like a bad Long-Term investment with a projected -13.76% first-year return on $94,080 initial cash invested.
-13.76%
Cash On Cash
3.78%
Cap Rate
0.59
DSCR
$2,134
Rent
-$1,079
Cashflow
Cash Flow
$2,134 income − $3,213 expenses = $1,079 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,134
Total Expenses
$3,213
Mortgage P&I
112%
$2,383
Property Taxes
6%
$118
Home Insurance
7%
$157
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0