This property looks like a bad Long-Term investment with a projected -12.03% first-year return on $96,579 initial cash invested.
-12.03%
Cash On Cash
4.13%
Cap Rate
0.65
DSCR
$2,519
Rent
-$968
Cashflow
Cash Flow
$2,519 income − $3,487 expenses = $968 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,519
Total Expenses
$3,487
Mortgage P&I
96%
$2,423
Property Taxes
10%
$248
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0