This property looks like a bad Long-Term investment with a projected -16.21% first-year return on $96,390 initial cash invested.
-16.21%
Cash On Cash
3.54%
Cap Rate
0.53
DSCR
$2,138
Rent
-$1,302
Cashflow
Cash Flow
$2,138 income − $3,440 expenses = $1,302 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,390
Downpayment
20%
$91,800
Closing costs
1%
$4,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,138
Total Expenses
$3,440
Mortgage P&I
119%
$2,548
Property Taxes
8%
$173
Home Insurance
8%
$163
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0