This property looks like a bad Long-Term investment with a projected -12.34% first-year return on $94,143 initial cash invested.
-12.34%
Cash On Cash
3.97%
Cap Rate
0.65
DSCR
$3,282
Rent
-$968
Cashflow
Cash Flow
$3,282 income − $4,250 expenses = $968 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,143
Downpayment
20%
$89,660
Closing costs
1%
$4,483
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,282
Total Expenses
$4,250
Mortgage P&I
70%
$2,286
Property Taxes
29%
$936
Home Insurance
5%
$175
HOA
0%
$0
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0