This property looks like a bad Long-Term investment with a projected -7.21% first-year return on $95,592 initial cash invested.
-7.21%
Cash On Cash
4.97%
Cap Rate
0.81
DSCR
$2,926
Rent
-$574
Cashflow
Cash Flow
$2,926 income − $3,500 expenses = $574 out of pocket
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,592
Downpayment
20%
$91,040
Closing costs
1%
$4,552
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,926
Total Expenses
$3,500
Mortgage P&I
79%
$2,312
Property Taxes
9%
$266
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0