This property looks like a bad Long-Term investment with a projected -20.04% first-year return on $93,429 initial cash invested.
-20.04%
Cash On Cash
2.71%
Cap Rate
0.41
DSCR
$2,195
Rent
-$1,560
Cashflow
Cash Flow
$2,195 income − $3,755 expenses = $1,560 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,429
Downpayment
20%
$88,980
Closing costs
1%
$4,449
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,195
Total Expenses
$3,755
Mortgage P&I
112%
$2,453
Property Taxes
26%
$574
Home Insurance
7%
$156
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0