This property looks like a bad Long-Term investment with a projected -15.66% first-year return on $96,474 initial cash invested.
-15.66%
Cash On Cash
3.4%
Cap Rate
0.53
DSCR
$2,418
Rent
-$1,259
Cashflow
Cash Flow
$2,418 income − $3,677 expenses = $1,259 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,474
Downpayment
20%
$91,880
Closing costs
1%
$4,594
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,418
Total Expenses
$3,677
Mortgage P&I
101%
$2,441
Property Taxes
18%
$443
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0