This property looks like a bad Long-Term investment with a projected -18.7% first-year return on $95,214 initial cash invested.
-18.7%
Cash On Cash
3.08%
Cap Rate
0.46
DSCR
$1,971
Rent
-$1,484
Cashflow
Cash Flow
$1,971 income − $3,455 expenses = $1,484 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,214
Downpayment
20%
$90,680
Closing costs
1%
$4,534
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,971
Total Expenses
$3,455
Mortgage P&I
129%
$2,550
Property Taxes
12%
$229
Home Insurance
8%
$163
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0