This property looks like a bad Long-Term investment with a projected -15.32% first-year return on $95,823 initial cash invested.
-15.32%
Cash On Cash
3.81%
Cap Rate
0.57
DSCR
$2,893
Rent
-$1,223
Cashflow
Cash Flow
$2,893 income − $4,116 expenses = $1,223 out of pocket
Investment Breakdown
|
Purchase Price
$456k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,823
Downpayment
20%
$91,260
Closing costs
1%
$4,563
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,893
Total Expenses
$4,116
Mortgage P&I
87%
$2,527
Property Taxes
23%
$678
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0