This property looks like a bad Long-Term investment with a projected -13.53% first-year return on $93,828 initial cash invested.
-13.53%
Cash On Cash
3.95%
Cap Rate
0.61
DSCR
$2,334
Rent
-$1,058
Cashflow
Cash Flow
$2,334 income − $3,392 expenses = $1,058 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,828
Downpayment
20%
$89,360
Closing costs
1%
$4,468
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,334
Total Expenses
$3,392
Mortgage P&I
103%
$2,413
Property Taxes
9%
$208
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0