This property looks like a bad Long-Term investment with a projected -1.84% first-year return on $93,471 initial cash invested.
-1.84%
Cash On Cash
6.18%
Cap Rate
1.02
DSCR
$3,543
Rent
-$143
Cashflow
Cash Flow
$3,543 income − $3,686 expenses = $143 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,471
Downpayment
20%
$89,020
Closing costs
1%
$4,451
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,543
Total Expenses
$3,686
Mortgage P&I
64%
$2,260
Property Taxes
10%
$347
Home Insurance
4%
$158
HOA
0%
$0
Property Management
10%
$354
CapEx
5%
$177
Vacancy
6%
$213
Maintenance
5%
$177
Other
0%
$0