This property looks like a bad Long-Term investment with a projected -14.72% first-year return on $96,264 initial cash invested.
-14.72%
Cash On Cash
3.79%
Cap Rate
0.58
DSCR
$2,567
Rent
-$1,181
Cashflow
Cash Flow
$2,567 income − $3,748 expenses = $1,181 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,264
Downpayment
20%
$91,680
Closing costs
1%
$4,584
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,567
Total Expenses
$3,748
Mortgage P&I
97%
$2,499
Property Taxes
16%
$421
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0