This property looks like a bad Long-Term investment with a projected -15.17% first-year return on $96,684 initial cash invested.
-15.17%
Cash On Cash
3.2%
Cap Rate
0.53
DSCR
$2,517
Rent
-$1,222
Cashflow
Cash Flow
$2,517 income − $3,739 expenses = $1,222 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,684
Downpayment
20%
$92,080
Closing costs
1%
$4,604
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,517
Total Expenses
$3,739
Mortgage P&I
92%
$2,325
Property Taxes
22%
$558
Home Insurance
8%
$201
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0