This property looks like a bad Long-Term investment with a projected -17.8% first-year return on $94,668 initial cash invested.
-17.8%
Cash On Cash
3.05%
Cap Rate
0.47
DSCR
$2,177
Rent
-$1,404
Cashflow
Cash Flow
$2,177 income − $3,581 expenses = $1,404 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,668
Downpayment
20%
$90,160
Closing costs
1%
$4,508
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,177
Total Expenses
$3,581
Mortgage P&I
112%
$2,440
Property Taxes
19%
$413
Home Insurance
7%
$161
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0