This property looks like a bad Long-Term investment with a projected -13.76% first-year return on $94,605 initial cash invested.
-13.76%
Cash On Cash
3.5%
Cap Rate
0.57
DSCR
$2,267
Rent
-$1,085
Cashflow
Cash Flow
$2,267 income − $3,352 expenses = $1,085 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,605
Downpayment
20%
$90,100
Closing costs
1%
$4,505
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,267
Total Expenses
$3,352
Mortgage P&I
101%
$2,287
Property Taxes
10%
$222
Home Insurance
11%
$254
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0