This property looks like a bad Long-Term investment with a projected -11.39% first-year return on $95,382 initial cash invested.
-11.39%
Cash On Cash
3.88%
Cap Rate
0.65
DSCR
$2,428
Rent
-$905
Cashflow
Cash Flow
$2,428 income − $3,333 expenses = $905 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,382
Downpayment
20%
$90,840
Closing costs
1%
$4,542
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,428
Total Expenses
$3,333
Mortgage P&I
93%
$2,254
Property Taxes
10%
$252
Home Insurance
7%
$163
HOA
1%
$33
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0