This property looks like a bad Long-Term investment with a projected -22.79% first-year return on $96,390 initial cash invested.
-22.79%
Cash On Cash
1.48%
Cap Rate
0.24
DSCR
$1,232
Rent
-$1,831
Cashflow
Cash Flow
$1,232 income − $3,063 expenses = $1,831 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
$1,232
Total Expenses
$3,063
Mortgage P&I
190%
$2,337
Property Taxes
12%
$149
Home Insurance
13%
$161
HOA
8%
$95
Property Management
10%
$123
CapEx
5%
$62
Vacancy
6%
$74
Maintenance
5%
$62
Other
0%
$0