This property looks like a bad Long-Term investment with a projected -11.83% first-year return on $94,143 initial cash invested.
-11.83%
Cash On Cash
4.31%
Cap Rate
0.67
DSCR
$2,550
Rent
-$928
Cashflow
Cash Flow
$2,550 income − $3,478 expenses = $928 out of pocket
Investment Breakdown
|
Purchase Price
$448k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,143
Downpayment
20%
$89,660
Closing costs
1%
$4,483
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,550
Total Expenses
$3,478
Mortgage P&I
95%
$2,412
Property Taxes
8%
$212
Home Insurance
6%
$157
HOA
1%
$33
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0