This property looks like a bad Long-Term investment with a projected -17.47% first-year return on $95,004 initial cash invested.
-17.47%
Cash On Cash
2.75%
Cap Rate
0.44
DSCR
$1,607
Rent
-$1,383
Cashflow
Cash Flow
$1,607 income − $2,990 expenses = $1,383 out of pocket
Investment Breakdown
|
Purchase Price
$452k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,004
Downpayment
20%
$90,480
Closing costs
1%
$4,524
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,607
Total Expenses
$2,990
Mortgage P&I
146%
$2,340
Property Taxes
6%
$100
Home Insurance
8%
$133
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0