This property looks like a bad Long-Term investment with a projected -13.06% first-year return on $94,374 initial cash invested.
-13.06%
Cash On Cash
3.71%
Cap Rate
0.61
DSCR
$2,477
Rent
-$1,027
Cashflow
Cash Flow
$2,477 income − $3,504 expenses = $1,027 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,374
Downpayment
20%
$89,880
Closing costs
1%
$4,494
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,477
Total Expenses
$3,504
Mortgage P&I
93%
$2,294
Property Taxes
17%
$411
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0