This property looks like a bad Long-Term investment with a projected -15.4% first-year return on $93,450 initial cash invested.
-15.4%
Cash On Cash
3.79%
Cap Rate
0.56
DSCR
$2,210
Rent
-$1,199
Cashflow
Cash Flow
$2,210 income − $3,409 expenses = $1,199 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,450
Downpayment
20%
$89,000
Closing costs
1%
$4,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,210
Total Expenses
$3,409
Mortgage P&I
113%
$2,496
Property Taxes
8%
$183
Home Insurance
7%
$156
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$133
Maintenance
5%
$110
Other
0%
$0