This property looks like a bad Long-Term investment with a projected -14.75% first-year return on $95,193 initial cash invested.
-14.75%
Cash On Cash
3.7%
Cap Rate
0.57
DSCR
$2,413
Rent
-$1,170
Cashflow
Cash Flow
$2,413 income − $3,583 expenses = $1,170 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,193
Downpayment
20%
$90,660
Closing costs
1%
$4,533
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,413
Total Expenses
$3,583
Mortgage P&I
101%
$2,448
Property Taxes
14%
$348
Home Insurance
7%
$159
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0