This property looks like a bad Long-Term investment with a projected -10.63% first-year return on $93,429 initial cash invested.
-10.63%
Cash On Cash
4.57%
Cap Rate
0.71
DSCR
$2,518
Rent
-$828
Cashflow
Cash Flow
$2,518 income − $3,346 expenses = $828 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,518
Total Expenses
$3,346
Mortgage P&I
95%
$2,397
Property Taxes
5%
$138
Home Insurance
6%
$156
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0