This property looks like a bad Long-Term investment with a projected -10.48% first-year return on $93,975 initial cash invested.
-10.48%
Cash On Cash
4.29%
Cap Rate
0.7
DSCR
$2,748
Rent
-$821
Cashflow
Cash Flow
$2,748 income − $3,569 expenses = $821 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,748
Total Expenses
$3,569
Mortgage P&I
83%
$2,284
Property Taxes
15%
$410
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0