This property looks like a bad Long-Term investment with a projected -7.91% first-year return on $93,807 initial cash invested.
-7.91%
Cash On Cash
5.35%
Cap Rate
0.81
DSCR
$3,197
Rent
-$618
Cashflow
Cash Flow
$3,197 income − $3,815 expenses = $618 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,807
Downpayment
20%
$89,340
Closing costs
1%
$4,467
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,197
Total Expenses
$3,815
Mortgage P&I
77%
$2,449
Property Taxes
12%
$385
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0