This property looks like a bad Long-Term investment with a projected -15.29% first-year return on $93,555 initial cash invested.
-15.29%
Cash On Cash
3.21%
Cap Rate
0.53
DSCR
$2,537
Rent
-$1,192
Cashflow
Cash Flow
$2,537 income − $3,729 expenses = $1,192 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,555
Downpayment
20%
$89,100
Closing costs
1%
$4,455
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,537
Total Expenses
$3,729
Mortgage P&I
89%
$2,257
Property Taxes
25%
$641
Home Insurance
7%
$171
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0