This property looks like a bad Long-Term investment with a projected -11.07% first-year return on $95,760 initial cash invested.
-11.07%
Cash On Cash
4.66%
Cap Rate
0.71
DSCR
$3,105
Rent
-$883
Cashflow
Cash Flow
$3,105 income − $3,988 expenses = $883 out of pocket
Investment Breakdown
|
Purchase Price
$456k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,760
Downpayment
20%
$91,200
Closing costs
1%
$4,560
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,105
Total Expenses
$3,988
Mortgage P&I
80%
$2,498
Property Taxes
17%
$518
Home Insurance
5%
$149
HOA
1%
$17
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0