This property looks like a bad Long-Term investment with a projected -15.46% first-year return on $96,390 initial cash invested.
-15.46%
Cash On Cash
3.18%
Cap Rate
0.52
DSCR
$2,041
Rent
-$1,242
Cashflow
Cash Flow
$2,041 income − $3,283 expenses = $1,242 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,390
Downpayment
20%
$91,800
Closing costs
1%
$4,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,041
Total Expenses
$3,283
Mortgage P&I
115%
$2,357
Property Taxes
12%
$235
Home Insurance
8%
$161
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0