This property looks like a bad Long-Term investment with a projected -15.13% first-year return on $95,046 initial cash invested.
-15.13%
Cash On Cash
3.69%
Cap Rate
0.56
DSCR
$2,478
Rent
-$1,198
Cashflow
Cash Flow
$2,478 income − $3,676 expenses = $1,198 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,046
Downpayment
20%
$90,520
Closing costs
1%
$4,526
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,478
Total Expenses
$3,676
Mortgage P&I
99%
$2,464
Property Taxes
16%
$406
Home Insurance
7%
$161
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0