This property looks like a bad Long-Term investment with a projected -16.6% first-year return on $96,159 initial cash invested.
-16.6%
Cash On Cash
3.29%
Cap Rate
0.51
DSCR
$2,547
Rent
-$1,330
Cashflow
Cash Flow
$2,547 income − $3,877 expenses = $1,330 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,159
Downpayment
20%
$91,580
Closing costs
1%
$4,579
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,547
Total Expenses
$3,877
Mortgage P&I
97%
$2,460
Property Taxes
23%
$580
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0