This property looks like a bad Long-Term investment with a projected -16.91% first-year return on $94,017 initial cash invested.
-16.91%
Cash On Cash
3.43%
Cap Rate
0.51
DSCR
$2,047
Rent
-$1,325
Cashflow
Cash Flow
$2,047 income − $3,372 expenses = $1,325 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,017
Downpayment
20%
$89,540
Closing costs
1%
$4,477
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,047
Total Expenses
$3,372
Mortgage P&I
122%
$2,502
Property Taxes
9%
$180
Home Insurance
8%
$158
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0