This property looks like a bad Long-Term investment with a projected -17.44% first-year return on $96,684 initial cash invested.
-17.44%
Cash On Cash
3.46%
Cap Rate
0.51
DSCR
$2,804
Rent
-$1,405
Cashflow
Cash Flow
$2,804 income − $4,209 expenses = $1,405 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,684
Downpayment
20%
$92,080
Closing costs
1%
$4,604
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,804
Total Expenses
$4,209
Mortgage P&I
92%
$2,593
Property Taxes
26%
$727
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0