This property looks like a bad Long-Term investment with a projected -16.97% first-year return on $96,598 initial cash invested.
-16.97%
Cash On Cash
2.94%
Cap Rate
0.48
DSCR
$2,504
Rent
-$1,366
Cashflow
Cash Flow
$2,504 income − $3,870 expenses = $1,366 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,598
Downpayment
20%
$91,998
Closing costs
1%
$4,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,504
Total Expenses
$3,870
Mortgage P&I
95%
$2,367
Property Taxes
25%
$632
Home Insurance
6%
$161
HOA
2%
$60
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0