This property looks like a bad Long-Term investment with a projected -16.35% first-year return on $93,996 initial cash invested.
-16.35%
Cash On Cash
3.12%
Cap Rate
0.49
DSCR
$1,857
Rent
-$1,281
Cashflow
Cash Flow
$1,857 income − $3,138 expenses = $1,281 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,996
Downpayment
20%
$89,520
Closing costs
1%
$4,476
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,857
Total Expenses
$3,138
Mortgage P&I
127%
$2,352
Property Taxes
8%
$144
Home Insurance
9%
$159
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0