This property looks like a bad Long-Term investment with a projected -16.07% first-year return on $93,658 initial cash invested.
-16.07%
Cash On Cash
3.41%
Cap Rate
0.53
DSCR
$2,303
Rent
-$1,254
Cashflow
Cash Flow
$2,303 income − $3,557 expenses = $1,254 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,658
Downpayment
20%
$89,198
Closing costs
1%
$4,460
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,303
Total Expenses
$3,557
Mortgage P&I
104%
$2,405
Property Taxes
17%
$398
Home Insurance
7%
$156
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0