This property looks like a bad Long-Term investment with a projected -16.37% first-year return on $95,025 initial cash invested.
-16.37%
Cash On Cash
2.92%
Cap Rate
0.48
DSCR
$2,356
Rent
-$1,296
Cashflow
Cash Flow
$2,356 income − $3,652 expenses = $1,296 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,025
Downpayment
20%
$90,500
Closing costs
1%
$4,525
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,356
Total Expenses
$3,652
Mortgage P&I
97%
$2,280
Property Taxes
21%
$501
Home Insurance
7%
$175
HOA
4%
$83
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0