This property looks like a bad Long-Term investment with a projected -10.09% first-year return on $93,639 initial cash invested.
-10.09%
Cash On Cash
4.66%
Cap Rate
0.73
DSCR
$2,974
Rent
-$787
Cashflow
Cash Flow
$2,974 income − $3,761 expenses = $787 out of pocket
Investment Breakdown
|
Purchase Price
$446k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,639
Downpayment
20%
$89,180
Closing costs
1%
$4,459
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,974
Total Expenses
$3,761
Mortgage P&I
80%
$2,369
Property Taxes
16%
$461
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0