This property looks like a bad Long-Term investment with a projected -16.01% first-year return on $95,214 initial cash invested.
-16.01%
Cash On Cash
3.51%
Cap Rate
0.54
DSCR
$2,371
Rent
-$1,270
Cashflow
Cash Flow
$2,371 income − $3,641 expenses = $1,270 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,214
Downpayment
20%
$90,680
Closing costs
1%
$4,534
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,371
Total Expenses
$3,641
Mortgage P&I
104%
$2,477
Property Taxes
16%
$386
Home Insurance
7%
$161
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0