This property looks like a bad Long-Term investment with a projected -13.64% first-year return on $96,390 initial cash invested.
-13.64%
Cash On Cash
3.89%
Cap Rate
0.6
DSCR
$2,285
Rent
-$1,096
Cashflow
Cash Flow
$2,285 income − $3,381 expenses = $1,096 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,285
Total Expenses
$3,381
Mortgage P&I
108%
$2,469
Property Taxes
7%
$157
Home Insurance
7%
$162
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0