This property looks like a bad Long-Term investment with a projected -15.69% first-year return on $94,836 initial cash invested.
-15.69%
Cash On Cash
3.63%
Cap Rate
0.55
DSCR
$2,272
Rent
-$1,240
Cashflow
Cash Flow
$2,272 income − $3,512 expenses = $1,240 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,836
Downpayment
20%
$90,320
Closing costs
1%
$4,516
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,272
Total Expenses
$3,512
Mortgage P&I
110%
$2,493
Property Taxes
10%
$236
Home Insurance
8%
$192
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0