This property looks like a bad Long-Term investment with a projected -11.93% first-year return on $95,529 initial cash invested.
-11.93%
Cash On Cash
4.36%
Cap Rate
0.67
DSCR
$2,609
Rent
-$950
Cashflow
Cash Flow
$2,609 income − $3,559 expenses = $950 out of pocket
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,529
Downpayment
20%
$90,980
Closing costs
1%
$4,549
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,609
Total Expenses
$3,559
Mortgage P&I
95%
$2,472
Property Taxes
10%
$250
Home Insurance
6%
$159
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$157
Maintenance
5%
$130
Other
0%
$0