This property looks like a bad Long-Term investment with a projected -16.9% first-year return on $94,962 initial cash invested.
-16.9%
Cash On Cash
3.43%
Cap Rate
0.51
DSCR
$2,319
Rent
-$1,337
Cashflow
Cash Flow
$2,319 income − $3,656 expenses = $1,337 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,962
Downpayment
20%
$90,440
Closing costs
1%
$4,522
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,319
Total Expenses
$3,656
Mortgage P&I
108%
$2,514
Property Taxes
16%
$376
Home Insurance
7%
$163
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0