This property looks like a bad Long-Term investment with a projected -9.94% first-year return on $93,345 initial cash invested.
-9.94%
Cash On Cash
5.1%
Cap Rate
0.75
DSCR
$2,962
Rent
-$773
Cashflow
Cash Flow
$2,962 income − $3,735 expenses = $773 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,345
Downpayment
20%
$88,900
Closing costs
1%
$4,445
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,962
Total Expenses
$3,735
Mortgage P&I
85%
$2,514
Property Taxes
9%
$268
Home Insurance
5%
$158
HOA
1%
$25
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0