This property looks like a bad Long-Term investment with a projected -15.9% first-year return on $94,290 initial cash invested.
-15.9%
Cash On Cash
3.24%
Cap Rate
0.51
DSCR
$2,026
Rent
-$1,249
Cashflow
Cash Flow
$2,026 income − $3,275 expenses = $1,249 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,026
Total Expenses
$3,275
Mortgage P&I
117%
$2,362
Property Taxes
11%
$229
Home Insurance
8%
$157
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0