This property looks like a bad Long-Term investment with a projected -11.25% first-year return on $94,059 initial cash invested.
-11.25%
Cash On Cash
4.3%
Cap Rate
0.69
DSCR
$2,943
Rent
-$882
Cashflow
Cash Flow
$2,943 income − $3,825 expenses = $882 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,059
Downpayment
20%
$89,580
Closing costs
1%
$4,479
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,943
Total Expenses
$3,825
Mortgage P&I
79%
$2,339
Property Taxes
19%
$564
Home Insurance
5%
$157
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0