This property looks like a bad Long-Term investment with a projected -10.41% first-year return on $93,597 initial cash invested.
-10.41%
Cash On Cash
4.31%
Cap Rate
0.71
DSCR
$2,857
Rent
-$812
Cashflow
Cash Flow
$2,857 income − $3,669 expenses = $812 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,597
Downpayment
20%
$89,140
Closing costs
1%
$4,457
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,857
Total Expenses
$3,669
Mortgage P&I
79%
$2,270
Property Taxes
17%
$498
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0