This property looks like a bad Long-Term investment with a projected -11.49% first-year return on $96,096 initial cash invested.
-11.49%
Cash On Cash
4.31%
Cap Rate
0.67
DSCR
$2,405
Rent
-$920
Cashflow
Cash Flow
$2,405 income − $3,325 expenses = $920 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,096
Downpayment
20%
$91,520
Closing costs
1%
$4,576
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,405
Total Expenses
$3,325
Mortgage P&I
102%
$2,445
Property Taxes
4%
$99
Home Insurance
7%
$157
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0