This property looks like a bad Long-Term investment with a projected -16.83% first-year return on $95,571 initial cash invested.
-16.83%
Cash On Cash
3.34%
Cap Rate
0.51
DSCR
$2,667
Rent
-$1,340
Cashflow
Cash Flow
$2,667 income − $4,007 expenses = $1,340 out of pocket
Investment Breakdown
|
Purchase Price
$455k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,571
Downpayment
20%
$91,020
Closing costs
1%
$4,551
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,667
Total Expenses
$4,007
Mortgage P&I
93%
$2,475
Property Taxes
25%
$678
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0