This property looks like a bad Long-Term investment with a projected -20.2% first-year return on $94,269 initial cash invested.
-20.2%
Cash On Cash
2.52%
Cap Rate
0.38
DSCR
$1,485
Rent
-$1,587
Cashflow
Cash Flow
$1,485 income − $3,072 expenses = $1,587 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,269
Downpayment
20%
$89,780
Closing costs
1%
$4,489
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,485
Total Expenses
$3,072
Mortgage P&I
165%
$2,457
Property Taxes
5%
$72
Home Insurance
11%
$158
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0