This property looks like a bad Long-Term investment with a projected -13.58% first-year return on $94,269 initial cash invested.
-13.58%
Cash On Cash
3.81%
Cap Rate
0.61
DSCR
$3,039
Rent
-$1,067
Cashflow
Cash Flow
$3,039 income − $4,106 expenses = $1,067 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,269
Downpayment
20%
$89,780
Closing costs
1%
$4,489
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,039
Total Expenses
$4,106
Mortgage P&I
77%
$2,339
Property Taxes
27%
$828
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0