This property looks like a bad Long-Term investment with a projected -9.8% first-year return on $94,269 initial cash invested.
-9.8%
Cash On Cash
4.75%
Cap Rate
0.74
DSCR
$2,868
Rent
-$770
Cashflow
Cash Flow
$2,868 income − $3,638 expenses = $770 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,269
Downpayment
20%
$89,780
Closing costs
1%
$4,489
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,868
Total Expenses
$3,638
Mortgage P&I
84%
$2,403
Property Taxes
12%
$336
Home Insurance
5%
$154
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0