This property looks like a bad Long-Term investment with a projected -18.03% first-year return on $94,731 initial cash invested.
-18.03%
Cash On Cash
2.98%
Cap Rate
0.46
DSCR
$2,475
Rent
-$1,423
Cashflow
Cash Flow
$2,475 income − $3,898 expenses = $1,423 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,731
Downpayment
20%
$90,220
Closing costs
1%
$4,511
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,475
Total Expenses
$3,898
Mortgage P&I
98%
$2,421
Property Taxes
24%
$605
Home Insurance
9%
$228
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0