This property looks like a bad Long-Term investment with a projected -15.72% first-year return on $96,012 initial cash invested.
-15.72%
Cash On Cash
3.29%
Cap Rate
0.52
DSCR
$2,313
Rent
-$1,258
Cashflow
Cash Flow
$2,313 income − $3,571 expenses = $1,258 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,012
Downpayment
20%
$91,440
Closing costs
1%
$4,572
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,313
Total Expenses
$3,571
Mortgage P&I
104%
$2,397
Property Taxes
18%
$414
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0