This property looks like a bad Long-Term investment with a projected -16.49% first-year return on $95,823 initial cash invested.
-16.49%
Cash On Cash
3.52%
Cap Rate
0.53
DSCR
$2,116
Rent
-$1,317
Cashflow
Cash Flow
$2,116 income − $3,433 expenses = $1,317 out of pocket
Investment Breakdown
|
Purchase Price
$456k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,116
Total Expenses
$3,433
Mortgage P&I
121%
$2,550
Property Taxes
8%
$166
Home Insurance
8%
$166
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0