This property looks like a bad Long-Term investment with a projected -11.88% first-year return on $95,739 initial cash invested.
-11.88%
Cash On Cash
4.48%
Cap Rate
0.68
DSCR
$2,949
Rent
-$948
Cashflow
Cash Flow
$2,949 income − $3,897 expenses = $948 out of pocket
Investment Breakdown
|
Purchase Price
$456k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,739
Downpayment
20%
$91,180
Closing costs
1%
$4,559
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,949
Total Expenses
$3,897
Mortgage P&I
85%
$2,503
Property Taxes
16%
$467
Home Insurance
5%
$161
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0