This property looks like a bad Long-Term investment with a projected -14% first-year return on $93,450 initial cash invested.
-14%
Cash On Cash
3.88%
Cap Rate
0.6
DSCR
$2,412
Rent
-$1,090
Cashflow
Cash Flow
$2,412 income − $3,502 expenses = $1,090 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,450
Downpayment
20%
$89,000
Closing costs
1%
$4,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,412
Total Expenses
$3,502
Mortgage P&I
100%
$2,408
Property Taxes
13%
$310
Home Insurance
6%
$156
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0