This property looks like a bad Long-Term investment with a projected -15.81% first-year return on $96,306 initial cash invested.
-15.81%
Cash On Cash
3.58%
Cap Rate
0.54
DSCR
$2,397
Rent
-$1,269
Cashflow
Cash Flow
$2,397 income − $3,666 expenses = $1,269 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,306
Downpayment
20%
$91,720
Closing costs
1%
$4,586
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,397
Total Expenses
$3,666
Mortgage P&I
105%
$2,517
Property Taxes
15%
$362
Home Insurance
7%
$163
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0