This property looks like a bad Long-Term investment with a projected -8.82% first-year return on $93,975 initial cash invested.
-8.82%
Cash On Cash
5.12%
Cap Rate
0.78
DSCR
$3,075
Rent
-$691
Cashflow
Cash Flow
$3,075 income − $3,766 expenses = $691 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,975
Downpayment
20%
$89,500
Closing costs
1%
$4,475
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,075
Total Expenses
$3,766
Mortgage P&I
80%
$2,445
Property Taxes
12%
$365
Home Insurance
5%
$156
HOA
0%
$0
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$184
Maintenance
5%
$154
Other
0%
$0