This property looks like a bad Long-Term investment with a projected -9.74% first-year return on $93,765 initial cash invested.
-9.74%
Cash On Cash
4.49%
Cap Rate
0.73
DSCR
$2,830
Rent
-$761
Cashflow
Cash Flow
$2,830 income − $3,591 expenses = $761 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,765
Downpayment
20%
$89,300
Closing costs
1%
$4,465
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,830
Total Expenses
$3,591
Mortgage P&I
81%
$2,290
Property Taxes
14%
$406
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0