This property looks like a bad Long-Term investment with a projected -12.72% first-year return on $93,408 initial cash invested.
-12.72%
Cash On Cash
3.8%
Cap Rate
0.62
DSCR
$2,388
Rent
-$990
Cashflow
Cash Flow
$2,388 income − $3,378 expenses = $990 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,388
Total Expenses
$3,378
Mortgage P&I
95%
$2,278
Property Taxes
13%
$322
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0