This property looks like a bad Long-Term investment with a projected -12.28% first-year return on $96,180 initial cash invested.
-12.28%
Cash On Cash
4.37%
Cap Rate
0.66
DSCR
$2,847
Rent
-$984
Cashflow
Cash Flow
$2,847 income − $3,831 expenses = $984 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,180
Downpayment
20%
$91,600
Closing costs
1%
$4,580
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,847
Total Expenses
$3,831
Mortgage P&I
88%
$2,511
Property Taxes
15%
$420
Home Insurance
6%
$160
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0