This property looks like a bad Long-Term investment with a projected -3.51% first-year return on $93,450 initial cash invested.
-3.51%
Cash On Cash
6.32%
Cap Rate
0.97
DSCR
$3,839
Rent
-$273
Cashflow
Cash Flow
$3,839 income − $4,112 expenses = $273 out of pocket
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,450
Downpayment
20%
$89,000
Closing costs
1%
$4,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,839
Total Expenses
$4,112
Mortgage P&I
63%
$2,423
Property Taxes
14%
$535
Home Insurance
4%
$156
HOA
0%
$0
Property Management
10%
$384
CapEx
5%
$192
Vacancy
6%
$230
Maintenance
5%
$192
Other
0%
$0