This property looks like a bad Long-Term investment with a projected -12.14% first-year return on $95,403 initial cash invested.
-12.14%
Cash On Cash
3.98%
Cap Rate
0.65
DSCR
$2,908
Rent
-$965
Cashflow
Cash Flow
$2,908 income − $3,873 expenses = $965 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,403
Downpayment
20%
$90,860
Closing costs
1%
$4,543
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,908
Total Expenses
$3,873
Mortgage P&I
80%
$2,327
Property Taxes
22%
$630
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$291
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0