This property looks like a bad Long-Term investment with a projected -13.66% first-year return on $95,592 initial cash invested.
-13.66%
Cash On Cash
3.73%
Cap Rate
0.59
DSCR
$2,152
Rent
-$1,088
Cashflow
Cash Flow
$2,152 income − $3,240 expenses = $1,088 out of pocket
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,152
Total Expenses
$3,240
Mortgage P&I
111%
$2,394
Property Taxes
5%
$118
Home Insurance
8%
$168
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0