This property looks like a bad Long-Term investment with a projected -16.77% first-year return on $94,122 initial cash invested.
-16.77%
Cash On Cash
3%
Cap Rate
0.49
DSCR
$2,602
Rent
-$1,315
Cashflow
Cash Flow
$2,602 income − $3,917 expenses = $1,315 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,602
Total Expenses
$3,917
Mortgage P&I
89%
$2,304
Property Taxes
15%
$387
Home Insurance
6%
$145
HOA
16%
$405
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0