This property looks like a bad Long-Term investment with a projected -9.86% first-year return on $96,600 initial cash invested.
-9.86%
Cash On Cash
4.45%
Cap Rate
0.72
DSCR
$2,847
Rent
-$794
Cashflow
Cash Flow
$2,847 income − $3,641 expenses = $794 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,847
Total Expenses
$3,641
Mortgage P&I
83%
$2,356
Property Taxes
13%
$384
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0