This property looks like a bad Long-Term investment with a projected -15.16% first-year return on $95,991 initial cash invested.
-15.16%
Cash On Cash
3.77%
Cap Rate
0.57
DSCR
$2,241
Rent
-$1,213
Cashflow
Cash Flow
$2,241 income − $3,454 expenses = $1,213 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,991
Downpayment
20%
$91,420
Closing costs
1%
$4,571
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,241
Total Expenses
$3,454
Mortgage P&I
113%
$2,538
Property Taxes
8%
$171
Home Insurance
7%
$163
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0