This property looks like a bad Long-Term investment with a projected -13.63% first-year return on $96,390 initial cash invested.
-13.63%
Cash On Cash
3.55%
Cap Rate
0.58
DSCR
$2,278
Rent
-$1,095
Cashflow
Cash Flow
$2,278 income − $3,373 expenses = $1,095 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,278
Total Expenses
$3,373
Mortgage P&I
103%
$2,339
Property Taxes
12%
$280
Home Insurance
7%
$161
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0