This property looks like a bad Long-Term investment with a projected -9.64% first-year return on $94,080 initial cash invested.
-9.64%
Cash On Cash
4.84%
Cap Rate
0.74
DSCR
$2,732
Rent
-$756
Cashflow
Cash Flow
$2,732 income − $3,488 expenses = $756 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,080
Downpayment
20%
$89,600
Closing costs
1%
$4,480
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,732
Total Expenses
$3,488
Mortgage P&I
89%
$2,427
Property Taxes
7%
$189
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0