This property looks like a bad Long-Term investment with a projected -16.92% first-year return on $93,849 initial cash invested.
-16.92%
Cash On Cash
3.28%
Cap Rate
0.5
DSCR
$2,395
Rent
-$1,323
Cashflow
Cash Flow
$2,395 income − $3,718 expenses = $1,323 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,849
Downpayment
20%
$89,380
Closing costs
1%
$4,469
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,395
Total Expenses
$3,718
Mortgage P&I
101%
$2,426
Property Taxes
18%
$438
Home Insurance
7%
$163
HOA
3%
$67
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0