This property looks like a bad Long-Term investment with a projected -10.23% first-year return on $94,290 initial cash invested.
-10.23%
Cash On Cash
4.86%
Cap Rate
0.74
DSCR
$2,997
Rent
-$804
Cashflow
Cash Flow
$2,997 income − $3,801 expenses = $804 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,290
Downpayment
20%
$89,800
Closing costs
1%
$4,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,997
Total Expenses
$3,801
Mortgage P&I
83%
$2,474
Property Taxes
13%
$376
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0