This property looks like a bad Long-Term investment with a projected -11.36% first-year return on $94,227 initial cash invested.
-11.36%
Cash On Cash
4.57%
Cap Rate
0.69
DSCR
$2,822
Rent
-$892
Cashflow
Cash Flow
$2,822 income − $3,714 expenses = $892 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,227
Downpayment
20%
$89,740
Closing costs
1%
$4,487
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,822
Total Expenses
$3,714
Mortgage P&I
87%
$2,459
Property Taxes
13%
$365
Home Insurance
6%
$157
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0