This property looks like a bad Long-Term investment with a projected -18.2% first-year return on $96,579 initial cash invested.
-18.2%
Cash On Cash
2.96%
Cap Rate
0.45
DSCR
$1,991
Rent
-$1,465
Cashflow
Cash Flow
$1,991 income − $3,456 expenses = $1,465 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,579
Downpayment
20%
$91,980
Closing costs
1%
$4,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,991
Total Expenses
$3,456
Mortgage P&I
126%
$2,501
Property Taxes
14%
$276
Home Insurance
8%
$161
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$119
Maintenance
5%
$100
Other
0%
$0