This property looks like a bad Long-Term investment with a projected -8.05% first-year return on $95,445 initial cash invested.
-8.05%
Cash On Cash
4.96%
Cap Rate
0.79
DSCR
$2,753
Rent
-$640
Cashflow
Cash Flow
$2,753 income − $3,393 expenses = $640 out of pocket
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,445
Downpayment
20%
$90,900
Closing costs
1%
$4,545
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,753
Total Expenses
$3,393
Mortgage P&I
86%
$2,381
Property Taxes
5%
$135
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0