This property looks like a bad Long-Term investment with a projected -7.35% first-year return on $93,345 initial cash invested.
-7.35%
Cash On Cash
5.4%
Cap Rate
0.82
DSCR
$2,916
Rent
-$572
Cashflow
Cash Flow
$2,916 income − $3,488 expenses = $572 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,345
Downpayment
20%
$88,900
Closing costs
1%
$4,445
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,916
Total Expenses
$3,488
Mortgage P&I
83%
$2,426
Property Taxes
5%
$145
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0