This property looks like a bad Long-Term investment with a projected -9.12% first-year return on $95,172 initial cash invested.
-9.12%
Cash On Cash
4.73%
Cap Rate
0.76
DSCR
$3,352
Rent
-$723
Cashflow
Cash Flow
$3,352 income − $4,075 expenses = $723 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,172
Downpayment
20%
$90,640
Closing costs
1%
$4,532
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,352
Total Expenses
$4,075
Mortgage P&I
70%
$2,341
Property Taxes
21%
$705
Home Insurance
5%
$157
HOA
0%
$0
Property Management
10%
$335
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0