This property looks like a bad Long-Term investment with a projected -10.49% first-year return on $95,088 initial cash invested.
-10.49%
Cash On Cash
4.24%
Cap Rate
0.7
DSCR
$2,665
Rent
-$831
Cashflow
Cash Flow
$2,665 income − $3,496 expenses = $831 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,088
Downpayment
20%
$90,560
Closing costs
1%
$4,528
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,665
Total Expenses
$3,496
Mortgage P&I
86%
$2,299
Property Taxes
13%
$346
Home Insurance
6%
$159
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0