This property looks like a bad Long-Term investment with a projected -16.29% first-year return on $94,290 initial cash invested.
-16.29%
Cash On Cash
3.38%
Cap Rate
0.52
DSCR
$2,189
Rent
-$1,280
Cashflow
Cash Flow
$2,189 income − $3,469 expenses = $1,280 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
$2,189
Total Expenses
$3,469
Mortgage P&I
111%
$2,435
Property Taxes
14%
$305
Home Insurance
7%
$161
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0