This property looks like a bad Long-Term investment with a projected -11.05% first-year return on $94,920 initial cash invested.
-11.05%
Cash On Cash
4.5%
Cap Rate
0.7
DSCR
$3,005
Rent
-$874
Cashflow
Cash Flow
$3,005 income − $3,879 expenses = $874 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,920
Downpayment
20%
$90,400
Closing costs
1%
$4,520
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,005
Total Expenses
$3,879
Mortgage P&I
81%
$2,419
Property Taxes
17%
$522
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0