This property looks like a bad Long-Term investment with a projected -15.18% first-year return on $96,579 initial cash invested.
-15.18%
Cash On Cash
3.67%
Cap Rate
0.56
DSCR
$2,578
Rent
-$1,222
Cashflow
Cash Flow
$2,578 income − $3,800 expenses = $1,222 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
$2,578
Total Expenses
$3,800
Mortgage P&I
97%
$2,499
Property Taxes
18%
$469
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0