This property looks like a bad Long-Term investment with a projected -10.68% first-year return on $94,647 initial cash invested.
-10.68%
Cash On Cash
4.56%
Cap Rate
0.72
DSCR
$3,224
Rent
-$842
Cashflow
Cash Flow
$3,224 income − $4,066 expenses = $842 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,647
Downpayment
20%
$90,140
Closing costs
1%
$4,507
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,224
Total Expenses
$4,066
Mortgage P&I
74%
$2,394
Property Taxes
17%
$537
Home Insurance
5%
$157
HOA
4%
$141
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0