This property looks like a bad Long-Term investment with a projected -6.33% first-year return on $95,550 initial cash invested.
-6.33%
Cash On Cash
5.14%
Cap Rate
0.85
DSCR
$3,215
Rent
-$504
Cashflow
Cash Flow
$3,215 income − $3,719 expenses = $504 out of pocket
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,550
Downpayment
20%
$91,000
Closing costs
1%
$4,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,215
Total Expenses
$3,719
Mortgage P&I
71%
$2,291
Property Taxes
13%
$432
Home Insurance
5%
$159
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0