This property looks like a bad Long-Term investment with a projected -14.17% first-year return on $96,537 initial cash invested.
-14.17%
Cash On Cash
3.51%
Cap Rate
0.58
DSCR
$2,941
Rent
-$1,140
Cashflow
Cash Flow
$2,941 income − $4,081 expenses = $1,140 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,537
Downpayment
20%
$91,940
Closing costs
1%
$4,597
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,941
Total Expenses
$4,081
Mortgage P&I
80%
$2,338
Property Taxes
28%
$835
Home Insurance
5%
$144
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0