This property looks like a bad Long-Term investment with a projected -11.04% first-year return on $93,702 initial cash invested.
-11.04%
Cash On Cash
4.3%
Cap Rate
0.69
DSCR
$2,787
Rent
-$862
Cashflow
Cash Flow
$2,787 income − $3,649 expenses = $862 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,702
Downpayment
20%
$89,240
Closing costs
1%
$4,462
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,787
Total Expenses
$3,649
Mortgage P&I
83%
$2,321
Property Taxes
16%
$446
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0