This property looks like a bad Long-Term investment with a projected -20.69% first-year return on $93,450 initial cash invested.
-20.69%
Cash On Cash
2.47%
Cap Rate
0.38
DSCR
$2,033
Rent
-$1,611
Cashflow
Cash Flow
$2,033 income − $3,644 expenses = $1,611 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,450
Downpayment
20%
$89,000
Closing costs
1%
$4,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,033
Total Expenses
$3,644
Mortgage P&I
119%
$2,425
Property Taxes
26%
$534
Home Insurance
8%
$156
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0