This property looks like a bad Long-Term investment with a projected -8.26% first-year return on $93,828 initial cash invested.
-8.26%
Cash On Cash
5.49%
Cap Rate
0.81
DSCR
$3,470
Rent
-$646
Cashflow
Cash Flow
$3,470 income − $4,116 expenses = $646 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,828
Downpayment
20%
$89,360
Closing costs
1%
$4,468
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,470
Total Expenses
$4,116
Mortgage P&I
73%
$2,517
Property Taxes
16%
$538
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$347
CapEx
5%
$174
Vacancy
6%
$208
Maintenance
5%
$174
Other
0%
$0