This property looks like a bad Long-Term investment with a projected -13.64% first-year return on $96,600 initial cash invested.
-13.64%
Cash On Cash
3.75%
Cap Rate
0.59
DSCR
$2,250
Rent
-$1,098
Cashflow
Cash Flow
$2,250 income − $3,348 expenses = $1,098 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,600
Downpayment
20%
$92,000
Closing costs
1%
$4,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,250
Total Expenses
$3,348
Mortgage P&I
108%
$2,425
Property Taxes
8%
$178
Home Insurance
7%
$161
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0