This property looks like a bad Long-Term investment with a projected -13.78% first-year return on $94,668 initial cash invested.
-13.78%
Cash On Cash
3.93%
Cap Rate
0.61
DSCR
$2,483
Rent
-$1,087
Cashflow
Cash Flow
$2,483 income − $3,570 expenses = $1,087 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,668
Downpayment
20%
$90,160
Closing costs
1%
$4,508
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,483
Total Expenses
$3,570
Mortgage P&I
98%
$2,439
Property Taxes
14%
$346
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0