This property looks like a bad Long-Term investment with a projected -16.71% first-year return on $94,710 initial cash invested.
-16.71%
Cash On Cash
3.32%
Cap Rate
0.51
DSCR
$2,326
Rent
-$1,319
Cashflow
Cash Flow
$2,326 income − $3,645 expenses = $1,319 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,710
Downpayment
20%
$90,200
Closing costs
1%
$4,510
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,326
Total Expenses
$3,645
Mortgage P&I
105%
$2,451
Property Taxes
18%
$419
Home Insurance
7%
$170
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0