This property looks like a bad Long-Term investment with a projected -13.72% first-year return on $95,697 initial cash invested.
-13.72%
Cash On Cash
3.84%
Cap Rate
0.6
DSCR
$2,614
Rent
-$1,094
Cashflow
Cash Flow
$2,614 income − $3,708 expenses = $1,094 out of pocket
Investment Breakdown
|
Purchase Price
$456k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,697
Downpayment
20%
$91,140
Closing costs
1%
$4,557
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,614
Total Expenses
$3,708
Mortgage P&I
93%
$2,422
Property Taxes
17%
$445
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0