This property looks like a bad Long-Term investment with a projected -11.89% first-year return on $93,828 initial cash invested.
-11.89%
Cash On Cash
4.36%
Cap Rate
0.67
DSCR
$2,473
Rent
-$930
Cashflow
Cash Flow
$2,473 income − $3,403 expenses = $930 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,828
Downpayment
20%
$89,360
Closing costs
1%
$4,468
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,473
Total Expenses
$3,403
Mortgage P&I
98%
$2,429
Property Taxes
7%
$173
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0