This property looks like a bad Long-Term investment with a projected -18.58% first-year return on $93,786 initial cash invested.
-18.58%
Cash On Cash
3.15%
Cap Rate
0.46
DSCR
$1,940
Rent
-$1,452
Cashflow
Cash Flow
$1,940 income − $3,392 expenses = $1,452 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,786
Downpayment
20%
$89,320
Closing costs
1%
$4,466
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,940
Total Expenses
$3,392
Mortgage P&I
130%
$2,529
Property Taxes
10%
$201
Home Insurance
8%
$158
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0