This property looks like a bad Long-Term investment with a projected -12.79% first-year return on $95,067 initial cash invested.
-12.79%
Cash On Cash
4.28%
Cap Rate
0.65
DSCR
$2,951
Rent
-$1,013
Cashflow
Cash Flow
$2,951 income − $3,964 expenses = $1,013 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,067
Downpayment
20%
$90,540
Closing costs
1%
$4,527
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,951
Total Expenses
$3,964
Mortgage P&I
84%
$2,480
Property Taxes
18%
$532
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0