This property looks like a bad Long-Term investment with a projected -16.12% first-year return on $96,579 initial cash invested.
-16.12%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$2,325
Rent
-$1,297
Cashflow
Cash Flow
$2,325 income − $3,622 expenses = $1,297 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,579
Downpayment
20%
$91,980
Closing costs
1%
$4,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,325
Total Expenses
$3,622
Mortgage P&I
108%
$2,519
Property Taxes
15%
$338
Home Insurance
7%
$161
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0