This property looks like a bad Long-Term investment with a projected -14.51% first-year return on $93,555 initial cash invested.
-14.51%
Cash On Cash
3.33%
Cap Rate
0.54
DSCR
$1,954
Rent
-$1,131
Cashflow
Cash Flow
$1,954 income − $3,085 expenses = $1,131 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,555
Downpayment
20%
$89,100
Closing costs
1%
$4,455
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,954
Total Expenses
$3,085
Mortgage P&I
116%
$2,268
Property Taxes
8%
$153
Home Insurance
8%
$156
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0