This property looks like a bad Long-Term investment with a projected -15.01% first-year return on $94,122 initial cash invested.
-15.01%
Cash On Cash
3.7%
Cap Rate
0.57
DSCR
$2,335
Rent
-$1,177
Cashflow
Cash Flow
$2,335 income − $3,512 expenses = $1,177 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,122
Downpayment
20%
$89,640
Closing costs
1%
$4,482
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,335
Total Expenses
$3,512
Mortgage P&I
105%
$2,443
Property Taxes
13%
$303
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0