This property looks like a bad Long-Term investment with a projected -11.48% first-year return on $93,744 initial cash invested.
-11.48%
Cash On Cash
4.6%
Cap Rate
0.7
DSCR
$2,923
Rent
-$897
Cashflow
Cash Flow
$2,923 income − $3,820 expenses = $897 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,744
Downpayment
20%
$89,280
Closing costs
1%
$4,464
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,923
Total Expenses
$3,820
Mortgage P&I
84%
$2,464
Property Taxes
15%
$438
Home Insurance
5%
$159
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0