This property looks like a bad Long-Term investment with a projected -15.68% first-year return on $95,907 initial cash invested.
-15.68%
Cash On Cash
3.68%
Cap Rate
0.55
DSCR
$2,248
Rent
-$1,253
Cashflow
Cash Flow
$2,248 income − $3,501 expenses = $1,253 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,907
Downpayment
20%
$91,340
Closing costs
1%
$4,567
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,248
Total Expenses
$3,501
Mortgage P&I
113%
$2,540
Property Taxes
9%
$213
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0