This property looks like a bad Long-Term investment with a projected -18.27% first-year return on $94,731 initial cash invested.
-18.27%
Cash On Cash
3.08%
Cap Rate
0.46
DSCR
$2,163
Rent
-$1,442
Cashflow
Cash Flow
$2,163 income − $3,605 expenses = $1,442 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,731
Downpayment
20%
$90,220
Closing costs
1%
$4,511
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,163
Total Expenses
$3,605
Mortgage P&I
115%
$2,492
Property Taxes
18%
$383
Home Insurance
8%
$168
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0