This property looks like a bad Long-Term investment with a projected -15.06% first-year return on $96,390 initial cash invested.
-15.06%
Cash On Cash
3.52%
Cap Rate
0.55
DSCR
$2,204
Rent
-$1,210
Cashflow
Cash Flow
$2,204 income − $3,414 expenses = $1,210 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,204
Total Expenses
$3,414
Mortgage P&I
111%
$2,447
Property Taxes
11%
$234
Home Insurance
7%
$161
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0