This property looks like a bad Long-Term investment with a projected -10.44% first-year return on $93,555 initial cash invested.
-10.44%
Cash On Cash
4.22%
Cap Rate
0.69
DSCR
$2,492
Rent
-$814
Cashflow
Cash Flow
$2,492 income − $3,306 expenses = $814 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
$2,492
Total Expenses
$3,306
Mortgage P&I
91%
$2,256
Property Taxes
10%
$241
Home Insurance
6%
$160
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0