This property looks like a bad Long-Term investment with a projected -12.64% first-year return on $93,513 initial cash invested.
-12.64%
Cash On Cash
4.19%
Cap Rate
0.65
DSCR
$2,719
Rent
-$985
Cashflow
Cash Flow
$2,719 income − $3,704 expenses = $985 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,513
Downpayment
20%
$89,060
Closing costs
1%
$4,453
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,719
Total Expenses
$3,704
Mortgage P&I
88%
$2,402
Property Taxes
16%
$427
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0