This property looks like a bad Long-Term investment with a projected -11.35% first-year return on $94,290 initial cash invested.
-11.35%
Cash On Cash
4.07%
Cap Rate
0.66
DSCR
$2,469
Rent
-$892
Cashflow
Cash Flow
$2,469 income − $3,361 expenses = $892 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,290
Downpayment
20%
$89,800
Closing costs
1%
$4,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,469
Total Expenses
$3,361
Mortgage P&I
93%
$2,291
Property Taxes
11%
$272
Home Insurance
6%
$157
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0