This property looks like a bad Long-Term investment with a projected -10.35% first-year return on $93,576 initial cash invested.
-10.35%
Cash On Cash
4.5%
Cap Rate
0.71
DSCR
$2,727
Rent
-$807
Cashflow
Cash Flow
$2,727 income − $3,534 expenses = $807 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,576
Downpayment
20%
$89,120
Closing costs
1%
$4,456
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,727
Total Expenses
$3,534
Mortgage P&I
86%
$2,341
Property Taxes
12%
$328
Home Insurance
6%
$156
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0