This property looks like a bad Long-Term investment with a projected -20.26% first-year return on $95,025 initial cash invested.
-20.26%
Cash On Cash
2.1%
Cap Rate
0.34
DSCR
$1,379
Rent
-$1,604
Cashflow
Cash Flow
$1,379 income − $2,983 expenses = $1,604 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,025
Downpayment
20%
$90,500
Closing costs
1%
$4,525
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,379
Total Expenses
$2,983
Mortgage P&I
169%
$2,325
Property Taxes
9%
$127
Home Insurance
12%
$172
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0