This property looks like a bad Long-Term investment with a projected -11.86% first-year return on $93,576 initial cash invested.
-11.86%
Cash On Cash
3.99%
Cap Rate
0.65
DSCR
$2,771
Rent
-$925
Cashflow
Cash Flow
$2,771 income − $3,696 expenses = $925 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,576
Downpayment
20%
$89,120
Closing costs
1%
$4,456
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,771
Total Expenses
$3,696
Mortgage P&I
82%
$2,267
Property Taxes
20%
$550
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$139
Vacancy
6%
$166
Maintenance
5%
$139
Other
0%
$0