This property looks like a bad Long-Term investment with a projected -14.7% first-year return on $96,684 initial cash invested.
-14.7%
Cash On Cash
3.71%
Cap Rate
0.57
DSCR
$2,410
Rent
-$1,184
Cashflow
Cash Flow
$2,410 income − $3,594 expenses = $1,184 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,410
Total Expenses
$3,594
Mortgage P&I
103%
$2,487
Property Taxes
14%
$332
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$145
Maintenance
5%
$120
Other
0%
$0