This property looks like a bad Long-Term investment with a projected -5.4% first-year return on $94,962 initial cash invested.
-5.4%
Cash On Cash
5.51%
Cap Rate
0.89
DSCR
$3,463
Rent
-$427
Cashflow
Cash Flow
$3,463 income − $3,890 expenses = $427 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,962
Downpayment
20%
$90,440
Closing costs
1%
$4,522
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,463
Total Expenses
$3,890
Mortgage P&I
67%
$2,331
Property Taxes
14%
$480
Home Insurance
5%
$159
HOA
1%
$20
Property Management
10%
$346
CapEx
5%
$173
Vacancy
6%
$208
Maintenance
5%
$173
Other
0%
$0