This property looks like a bad Long-Term investment with a projected -6.15% first-year return on $95,424 initial cash invested.
-6.15%
Cash On Cash
5.6%
Cap Rate
0.87
DSCR
$3,415
Rent
-$489
Cashflow
Cash Flow
$3,415 income − $3,904 expenses = $489 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,424
Downpayment
20%
$90,880
Closing costs
1%
$4,544
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,415
Total Expenses
$3,904
Mortgage P&I
71%
$2,438
Property Taxes
12%
$416
Home Insurance
5%
$161
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0