This property looks like a bad Long-Term investment with a projected -19.93% first-year return on $93,639 initial cash invested.
-19.93%
Cash On Cash
2.69%
Cap Rate
0.41
DSCR
$2,300
Rent
-$1,555
Cashflow
Cash Flow
$2,300 income − $3,855 expenses = $1,555 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,639
Downpayment
20%
$89,180
Closing costs
1%
$4,459
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,300
Total Expenses
$3,855
Mortgage P&I
106%
$2,439
Property Taxes
27%
$626
Home Insurance
7%
$158
HOA
1%
$34
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0