This property looks like a bad Long-Term investment with a projected -15.49% first-year return on $95,445 initial cash invested.
-15.49%
Cash On Cash
3.78%
Cap Rate
0.57
DSCR
$2,817
Rent
-$1,232
Cashflow
Cash Flow
$2,817 income − $4,049 expenses = $1,232 out of pocket
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,445
Downpayment
20%
$90,900
Closing costs
1%
$4,545
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,817
Total Expenses
$4,049
Mortgage P&I
89%
$2,521
Property Taxes
23%
$648
Home Insurance
5%
$147
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0