This property looks like a bad Long-Term investment with a projected -7.75% first-year return on $94,290 initial cash invested.
-7.75%
Cash On Cash
5.39%
Cap Rate
0.82
DSCR
$3,291
Rent
-$609
Cashflow
Cash Flow
$3,291 income − $3,900 expenses = $609 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,291
Total Expenses
$3,900
Mortgage P&I
75%
$2,459
Property Taxes
13%
$428
Home Insurance
5%
$157
HOA
0%
$0
Property Management
10%
$329
CapEx
5%
$165
Vacancy
6%
$197
Maintenance
5%
$165
Other
0%
$0