This property looks like a bad Long-Term investment with a projected -6.64% first-year return on $93,828 initial cash invested.
-6.64%
Cash On Cash
5.84%
Cap Rate
0.87
DSCR
$3,623
Rent
-$519
Cashflow
Cash Flow
$3,623 income − $4,142 expenses = $519 out of pocket
Investment Breakdown
|
Purchase Price
$447k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,828
Downpayment
20%
$89,360
Closing costs
1%
$4,468
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,623
Total Expenses
$4,142
Mortgage P&I
69%
$2,511
Property Taxes
15%
$532
Home Insurance
4%
$158
HOA
0%
$0
Property Management
10%
$362
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0