This property looks like a bad Long-Term investment with a projected -15.14% first-year return on $94,290 initial cash invested.
-15.14%
Cash On Cash
3.22%
Cap Rate
0.53
DSCR
$2,091
Rent
-$1,190
Cashflow
Cash Flow
$2,091 income − $3,281 expenses = $1,190 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,290
Downpayment
20%
$89,800
Closing costs
1%
$4,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,091
Total Expenses
$3,281
Mortgage P&I
110%
$2,290
Property Taxes
14%
$290
Home Insurance
8%
$157
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$125
Maintenance
5%
$105
Other
0%
$0