This property looks like a bad Long-Term investment with a projected -3.33% first-year return on $94,815 initial cash invested.
-3.33%
Cash On Cash
5.84%
Cap Rate
0.97
DSCR
$3,819
Rent
-$263
Cashflow
Cash Flow
$3,819 income − $4,082 expenses = $263 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,815
Downpayment
20%
$90,300
Closing costs
1%
$4,515
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,819
Total Expenses
$4,082
Mortgage P&I
59%
$2,271
Property Taxes
17%
$658
Home Insurance
4%
$160
HOA
0%
$0
Property Management
10%
$382
CapEx
5%
$191
Vacancy
6%
$229
Maintenance
5%
$191
Other
0%
$0