This property looks like a bad Long-Term investment with a projected -12.32% first-year return on $93,702 initial cash invested.
-12.32%
Cash On Cash
4.37%
Cap Rate
0.66
DSCR
$2,504
Rent
-$962
Cashflow
Cash Flow
$2,504 income − $3,466 expenses = $962 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,702
Downpayment
20%
$89,240
Closing costs
1%
$4,462
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,504
Total Expenses
$3,466
Mortgage P&I
98%
$2,463
Property Taxes
8%
$189
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0