This property looks like a bad Long-Term investment with a projected -13.85% first-year return on $96,033 initial cash invested.
-13.85%
Cash On Cash
4.06%
Cap Rate
0.61
DSCR
$2,281
Rent
-$1,108
Cashflow
Cash Flow
$2,281 income − $3,389 expenses = $1,108 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,033
Downpayment
20%
$91,460
Closing costs
1%
$4,573
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,281
Total Expenses
$3,389
Mortgage P&I
111%
$2,542
Property Taxes
4%
$88
Home Insurance
7%
$166
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0