This property looks like a bad Long-Term investment with a projected -15.96% first-year return on $96,390 initial cash invested.
-15.96%
Cash On Cash
3.53%
Cap Rate
0.54
DSCR
$2,412
Rent
-$1,282
Cashflow
Cash Flow
$2,412 income − $3,694 expenses = $1,282 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,390
Downpayment
20%
$91,800
Closing costs
1%
$4,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,412
Total Expenses
$3,694
Mortgage P&I
104%
$2,512
Property Taxes
8%
$203
Home Insurance
7%
$161
HOA
8%
$190
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0