This property looks like a bad Long-Term investment with a projected -13.52% first-year return on $95,865 initial cash invested.
-13.52%
Cash On Cash
4.24%
Cap Rate
0.63
DSCR
$2,493
Rent
-$1,080
Cashflow
Cash Flow
$2,493 income − $3,573 expenses = $1,080 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,865
Downpayment
20%
$91,300
Closing costs
1%
$4,565
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,493
Total Expenses
$3,573
Mortgage P&I
103%
$2,567
Property Taxes
8%
$193
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0