This property looks like a bad Long-Term investment with a projected -18.26% first-year return on $95,865 initial cash invested.
-18.26%
Cash On Cash
2.97%
Cap Rate
0.45
DSCR
$2,101
Rent
-$1,459
Cashflow
Cash Flow
$2,101 income − $3,560 expenses = $1,459 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,865
Downpayment
20%
$91,300
Closing costs
1%
$4,565
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,101
Total Expenses
$3,560
Mortgage P&I
118%
$2,484
Property Taxes
17%
$367
Home Insurance
8%
$163
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0