This property looks like a bad Long-Term investment with a projected -15.76% first-year return on $95,949 initial cash invested.
-15.76%
Cash On Cash
3.05%
Cap Rate
0.5
DSCR
$1,791
Rent
-$1,260
Cashflow
Cash Flow
$1,791 income − $3,051 expenses = $1,260 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,949
Downpayment
20%
$91,380
Closing costs
1%
$4,569
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,791
Total Expenses
$3,051
Mortgage P&I
130%
$2,332
Property Taxes
5%
$93
Home Insurance
9%
$160
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$107
Maintenance
5%
$90
Other
0%
$0