This property looks like a bad Long-Term investment with a projected -13.73% first-year return on $96,030 initial cash invested.
-13.73%
Cash On Cash
4.05%
Cap Rate
0.61
DSCR
$2,412
Rent
-$1,099
Cashflow
Cash Flow
$2,412 income − $3,511 expenses = $1,099 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,030
Downpayment
20%
$91,457
Closing costs
1%
$4,573
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,412
Total Expenses
$3,511
Mortgage P&I
105%
$2,522
Property Taxes
8%
$198
Home Insurance
7%
$163
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0