This property looks like a bad Long-Term investment with a projected -7.5% first-year return on $95,844 initial cash invested.
-7.5%
Cash On Cash
4.93%
Cap Rate
0.8
DSCR
$2,644
Rent
-$599
Cashflow
Cash Flow
$2,644 income − $3,243 expenses = $599 out of pocket
Investment Breakdown
|
Purchase Price
$456k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,844
Downpayment
20%
$91,280
Closing costs
1%
$4,564
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,644
Total Expenses
$3,243
Mortgage P&I
89%
$2,342
Property Taxes
2%
$50
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0