This property looks like a bad Long-Term investment with a projected -14.93% first-year return on $96,054 initial cash invested.
-14.93%
Cash On Cash
3.78%
Cap Rate
0.58
DSCR
$3,086
Rent
-$1,195
Cashflow
Cash Flow
$3,086 income − $4,281 expenses = $1,195 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,054
Downpayment
20%
$91,480
Closing costs
1%
$4,574
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,086
Total Expenses
$4,281
Mortgage P&I
80%
$2,480
Property Taxes
26%
$806
Home Insurance
6%
$180
HOA
0%
$13
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0