This property looks like a bad Long-Term investment with a projected -17.9% first-year return on $96,411 initial cash invested.
-17.9%
Cash On Cash
3.17%
Cap Rate
0.48
DSCR
$2,294
Rent
-$1,438
Cashflow
Cash Flow
$2,294 income − $3,732 expenses = $1,438 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,411
Downpayment
20%
$91,820
Closing costs
1%
$4,591
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,294
Total Expenses
$3,732
Mortgage P&I
111%
$2,537
Property Taxes
19%
$440
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0