This property looks like a bad Long-Term investment with a projected -14.39% first-year return on $96,390 initial cash invested.
-14.39%
Cash On Cash
3.95%
Cap Rate
0.6
DSCR
$2,729
Rent
-$1,156
Cashflow
Cash Flow
$2,729 income − $3,885 expenses = $1,156 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,390
Downpayment
20%
$91,800
Closing costs
1%
$4,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,729
Total Expenses
$3,885
Mortgage P&I
93%
$2,529
Property Taxes
18%
$486
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0