This property looks like a bad Long-Term investment with a projected -10.04% first-year return on $94,072 initial cash invested.
-10.04%
Cash On Cash
4.46%
Cap Rate
0.72
DSCR
$2,532
Rent
-$787
Cashflow
Cash Flow
$2,532 income − $3,319 expenses = $787 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,072
Downpayment
20%
$89,592
Closing costs
1%
$4,480
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,532
Total Expenses
$3,319
Mortgage P&I
92%
$2,324
Property Taxes
7%
$179
Home Insurance
6%
$157
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0