This property looks like a bad Long-Term investment with a projected -11.05% first-year return on $95,151 initial cash invested.
-11.05%
Cash On Cash
4.54%
Cap Rate
0.7
DSCR
$2,909
Rent
-$876
Cashflow
Cash Flow
$2,909 income − $3,785 expenses = $876 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,151
Downpayment
20%
$90,620
Closing costs
1%
$4,531
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,909
Total Expenses
$3,785
Mortgage P&I
84%
$2,447
Property Taxes
15%
$424
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$291
CapEx
5%
$145
Vacancy
6%
$175
Maintenance
5%
$145
Other
0%
$0