This property looks like a bad Long-Term investment with a projected -14.84% first-year return on $96,012 initial cash invested.
-14.84%
Cash On Cash
3.6%
Cap Rate
0.57
DSCR
$2,640
Rent
-$1,187
Cashflow
Cash Flow
$2,640 income − $3,827 expenses = $1,187 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,012
Downpayment
20%
$91,440
Closing costs
1%
$4,572
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,640
Total Expenses
$3,827
Mortgage P&I
92%
$2,427
Property Taxes
21%
$548
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0