This property looks like a bad Long-Term investment with a projected -14.15% first-year return on $94,668 initial cash invested.
-14.15%
Cash On Cash
3.8%
Cap Rate
0.59
DSCR
$2,426
Rent
-$1,116
Cashflow
Cash Flow
$2,426 income − $3,542 expenses = $1,116 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,426
Total Expenses
$3,542
Mortgage P&I
100%
$2,422
Property Taxes
10%
$242
Home Insurance
7%
$161
HOA
4%
$86
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0