This property looks like a bad Long-Term investment with a projected -15.47% first-year return on $95,634 initial cash invested.
-15.47%
Cash On Cash
3.68%
Cap Rate
0.55
DSCR
$2,041
Rent
-$1,233
Cashflow
Cash Flow
$2,041 income − $3,274 expenses = $1,233 out of pocket
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,634
Downpayment
20%
$91,080
Closing costs
1%
$4,554
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,041
Total Expenses
$3,274
Mortgage P&I
124%
$2,528
Property Taxes
2%
$50
Home Insurance
8%
$166
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0