This property looks like a bad Long-Term investment with a projected -14.81% first-year return on $93,408 initial cash invested.
-14.81%
Cash On Cash
3.82%
Cap Rate
0.58
DSCR
$2,672
Rent
-$1,153
Cashflow
Cash Flow
$2,672 income − $3,825 expenses = $1,153 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,408
Downpayment
20%
$88,960
Closing costs
1%
$4,448
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,672
Total Expenses
$3,825
Mortgage P&I
91%
$2,436
Property Taxes
20%
$536
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0