This property looks like a bad Long-Term investment with a projected -13.22% first-year return on $96,327 initial cash invested.
-13.22%
Cash On Cash
4.04%
Cap Rate
0.62
DSCR
$2,634
Rent
-$1,061
Cashflow
Cash Flow
$2,634 income − $3,695 expenses = $1,061 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,327
Downpayment
20%
$91,740
Closing costs
1%
$4,587
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,634
Total Expenses
$3,695
Mortgage P&I
94%
$2,472
Property Taxes
14%
$375
Home Insurance
6%
$163
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0