This property looks like a bad Long-Term investment with a projected -9.1% first-year return on $96,285 initial cash invested.
-9.1%
Cash On Cash
4.69%
Cap Rate
0.76
DSCR
$3,047
Rent
-$730
Cashflow
Cash Flow
$3,047 income − $3,777 expenses = $730 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,285
Downpayment
20%
$91,700
Closing costs
1%
$4,585
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,047
Total Expenses
$3,777
Mortgage P&I
78%
$2,369
Property Taxes
15%
$450
Home Insurance
5%
$166
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0