This property looks like a bad Long-Term investment with a projected -16.21% first-year return on $94,038 initial cash invested.
-16.21%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$2,193
Rent
-$1,270
Cashflow
Cash Flow
$2,193 income − $3,463 expenses = $1,270 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,038
Downpayment
20%
$89,560
Closing costs
1%
$4,478
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,193
Total Expenses
$3,463
Mortgage P&I
112%
$2,463
Property Taxes
13%
$282
Home Insurance
7%
$147
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0