This property looks like a bad Long-Term investment with a projected -16.17% first-year return on $93,450 initial cash invested.
-16.17%
Cash On Cash
3.48%
Cap Rate
0.53
DSCR
$2,238
Rent
-$1,259
Cashflow
Cash Flow
$2,238 income − $3,497 expenses = $1,259 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,450
Downpayment
20%
$89,000
Closing costs
1%
$4,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,238
Total Expenses
$3,497
Mortgage P&I
109%
$2,437
Property Taxes
12%
$262
Home Insurance
7%
$156
HOA
3%
$60
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0