This property looks like a bad Long-Term investment with a projected -13.84% first-year return on $96,390 initial cash invested.
-13.84%
Cash On Cash
4.17%
Cap Rate
0.62
DSCR
$2,823
Rent
-$1,112
Cashflow
Cash Flow
$2,823 income − $3,935 expenses = $1,112 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,823
Total Expenses
$3,935
Mortgage P&I
91%
$2,567
Property Taxes
17%
$474
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0