This property looks like a bad Long-Term investment with a projected -12.1% first-year return on $94,983 initial cash invested.
-12.1%
Cash On Cash
4.53%
Cap Rate
0.68
DSCR
$3,022
Rent
-$958
Cashflow
Cash Flow
$3,022 income − $3,980 expenses = $958 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,983
Downpayment
20%
$90,460
Closing costs
1%
$4,523
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,022
Total Expenses
$3,980
Mortgage P&I
83%
$2,513
Property Taxes
17%
$524
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0