This property looks like a bad Long-Term investment with a projected -14.74% first-year return on $95,403 initial cash invested.
-14.74%
Cash On Cash
3.88%
Cap Rate
0.59
DSCR
$2,611
Rent
-$1,172
Cashflow
Cash Flow
$2,611 income − $3,783 expenses = $1,172 out of pocket
Investment Breakdown
|
Purchase Price
$454k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$95,403
Downpayment
20%
$90,860
Closing costs
1%
$4,543
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,611
Total Expenses
$3,783
Mortgage P&I
96%
$2,510
Property Taxes
17%
$435
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0