This property looks like a bad Long-Term investment with a projected -13.6% first-year return on $95,550 initial cash invested.
-13.6%
Cash On Cash
4.1%
Cap Rate
0.62
DSCR
$2,687
Rent
-$1,083
Cashflow
Cash Flow
$2,687 income − $3,770 expenses = $1,083 out of pocket
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,550
Downpayment
20%
$91,000
Closing costs
1%
$4,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,687
Total Expenses
$3,770
Mortgage P&I
93%
$2,503
Property Taxes
15%
$410
Home Insurance
6%
$159
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0