This property looks like a bad Long-Term investment with a projected -14.29% first-year return on $93,912 initial cash invested.
-14.29%
Cash On Cash
4.12%
Cap Rate
0.61
DSCR
$2,612
Rent
-$1,118
Cashflow
Cash Flow
$2,612 income − $3,730 expenses = $1,118 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,912
Downpayment
20%
$89,440
Closing costs
1%
$4,472
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,612
Total Expenses
$3,730
Mortgage P&I
97%
$2,521
Property Taxes
14%
$373
Home Insurance
6%
$156
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0