This property looks like a bad Long-Term investment with a projected -11.78% first-year return on $95,361 initial cash invested.
-11.78%
Cash On Cash
4.01%
Cap Rate
0.66
DSCR
$2,988
Rent
-$936
Cashflow
Cash Flow
$2,988 income − $3,924 expenses = $936 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,361
Downpayment
20%
$90,820
Closing costs
1%
$4,541
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,988
Total Expenses
$3,924
Mortgage P&I
77%
$2,306
Property Taxes
22%
$670
Home Insurance
5%
$163
HOA
0%
$9
Property Management
10%
$299
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0