This property looks like a bad Long-Term investment with a projected -21.8% first-year return on $96,390 initial cash invested.
-21.8%
Cash On Cash
2.19%
Cap Rate
0.33
DSCR
$1,448
Rent
-$1,751
Cashflow
Cash Flow
$1,448 income − $3,199 expenses = $1,751 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,448
Total Expenses
$3,199
Mortgage P&I
174%
$2,517
Property Taxes
10%
$145
Home Insurance
11%
$161
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0