This property looks like a bad Long-Term investment with a projected -9.35% first-year return on $93,849 initial cash invested.
-9.35%
Cash On Cash
4.92%
Cap Rate
0.76
DSCR
$2,884
Rent
-$731
Cashflow
Cash Flow
$2,884 income − $3,615 expenses = $731 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,849
Downpayment
20%
$89,380
Closing costs
1%
$4,469
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,884
Total Expenses
$3,615
Mortgage P&I
84%
$2,421
Property Taxes
10%
$275
Home Insurance
6%
$170
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0