This property looks like a bad Long-Term investment with a projected -12.23% first-year return on $95,382 initial cash invested.
-12.23%
Cash On Cash
4.23%
Cap Rate
0.66
DSCR
$2,634
Rent
-$972
Cashflow
Cash Flow
$2,634 income − $3,606 expenses = $972 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,382
Downpayment
20%
$90,840
Closing costs
1%
$4,542
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,634
Total Expenses
$3,606
Mortgage P&I
93%
$2,441
Property Taxes
13%
$333
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0