This property looks like a bad Long-Term investment with a projected -9.9% first-year return on $94,227 initial cash invested.
-9.9%
Cash On Cash
4.76%
Cap Rate
0.74
DSCR
$2,768
Rent
-$777
Cashflow
Cash Flow
$2,768 income − $3,545 expenses = $777 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,227
Downpayment
20%
$89,740
Closing costs
1%
$4,487
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,768
Total Expenses
$3,545
Mortgage P&I
87%
$2,418
Property Taxes
9%
$256
Home Insurance
5%
$152
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0