This property looks like a bad Long-Term investment with a projected -17.38% first-year return on $96,390 initial cash invested.
-17.38%
Cash On Cash
2.95%
Cap Rate
0.47
DSCR
$1,993
Rent
-$1,396
Cashflow
Cash Flow
$1,993 income − $3,389 expenses = $1,396 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,993
Total Expenses
$3,389
Mortgage P&I
122%
$2,426
Property Taxes
14%
$283
Home Insurance
8%
$161
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0