This property looks like a bad Long-Term investment with a projected -13.04% first-year return on $94,290 initial cash invested.
-13.04%
Cash On Cash
3.79%
Cap Rate
0.62
DSCR
$3,112
Rent
-$1,025
Cashflow
Cash Flow
$3,112 income − $4,137 expenses = $1,025 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
$3,112
Total Expenses
$4,137
Mortgage P&I
73%
$2,286
Property Taxes
28%
$884
Home Insurance
5%
$157
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0