This property looks like a bad Long-Term investment with a projected -13.47% first-year return on $95,214 initial cash invested.
-13.47%
Cash On Cash
3.97%
Cap Rate
0.62
DSCR
$2,658
Rent
-$1,069
Cashflow
Cash Flow
$2,658 income − $3,727 expenses = $1,069 out of pocket
Investment Breakdown
|
Purchase Price
$453k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,214
Downpayment
20%
$90,680
Closing costs
1%
$4,534
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,658
Total Expenses
$3,727
Mortgage P&I
92%
$2,437
Property Taxes
17%
$440
Home Insurance
6%
$159
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0