This property looks like a bad Long-Term investment with a projected -19.45% first-year return on $93,954 initial cash invested.
-19.45%
Cash On Cash
2.86%
Cap Rate
0.43
DSCR
$2,529
Rent
-$1,523
Cashflow
Cash Flow
$2,529 income − $4,052 expenses = $1,523 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,954
Downpayment
20%
$89,480
Closing costs
1%
$4,474
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,529
Total Expenses
$4,052
Mortgage P&I
97%
$2,464
Property Taxes
16%
$415
Home Insurance
6%
$161
HOA
14%
$355
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0