This property looks like a bad Long-Term investment with a projected -13.02% first-year return on $96,390 initial cash invested.
-13.02%
Cash On Cash
3.72%
Cap Rate
0.61
DSCR
$2,505
Rent
-$1,046
Cashflow
Cash Flow
$2,505 income − $3,551 expenses = $1,046 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,505
Total Expenses
$3,551
Mortgage P&I
93%
$2,342
Property Taxes
16%
$398
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0