This property looks like a bad Long-Term investment with a projected -16.15% first-year return on $94,752 initial cash invested.
-16.15%
Cash On Cash
3.64%
Cap Rate
0.54
DSCR
$2,398
Rent
-$1,275
Cashflow
Cash Flow
$2,398 income − $3,673 expenses = $1,275 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,752
Downpayment
20%
$90,240
Closing costs
1%
$4,512
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,398
Total Expenses
$3,673
Mortgage P&I
105%
$2,523
Property Taxes
15%
$368
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0