This property looks like a bad Long-Term investment with a projected -12.19% first-year return on $94,290 initial cash invested.
-12.19%
Cash On Cash
4.39%
Cap Rate
0.67
DSCR
$3,073
Rent
-$958
Cashflow
Cash Flow
$3,073 income − $4,031 expenses = $958 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,073
Total Expenses
$4,031
Mortgage P&I
80%
$2,445
Property Taxes
21%
$630
Home Insurance
5%
$157
HOA
0%
$0
Property Management
10%
$307
CapEx
5%
$154
Vacancy
6%
$184
Maintenance
5%
$154
Other
0%
$0