This property looks like a bad Long-Term investment with a projected -12.2% first-year return on $93,954 initial cash invested.
-12.2%
Cash On Cash
4.14%
Cap Rate
0.65
DSCR
$2,677
Rent
-$955
Cashflow
Cash Flow
$2,677 income − $3,632 expenses = $955 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,954
Downpayment
20%
$89,480
Closing costs
1%
$4,474
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,677
Total Expenses
$3,632
Mortgage P&I
88%
$2,366
Property Taxes
15%
$412
Home Insurance
6%
$157
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0