This property looks like a bad Long-Term investment with a projected -12.18% first-year return on $95,739 initial cash invested.
-12.18%
Cash On Cash
4.4%
Cap Rate
0.67
DSCR
$2,846
Rent
-$972
Cashflow
Cash Flow
$2,846 income − $3,818 expenses = $972 out of pocket
Investment Breakdown
|
Purchase Price
$456k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,739
Downpayment
20%
$91,180
Closing costs
1%
$4,559
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,846
Total Expenses
$3,818
Mortgage P&I
88%
$2,500
Property Taxes
15%
$418
Home Insurance
6%
$160
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0