This property looks like a bad Long-Term investment with a projected -7.59% first-year return on $96,579 initial cash invested.
-7.59%
Cash On Cash
5.21%
Cap Rate
0.81
DSCR
$3,150
Rent
-$611
Cashflow
Cash Flow
$3,150 income − $3,761 expenses = $611 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,150
Total Expenses
$3,761
Mortgage P&I
78%
$2,448
Property Taxes
11%
$332
Home Insurance
5%
$161
HOA
0%
$0
Property Management
10%
$315
CapEx
5%
$158
Vacancy
6%
$189
Maintenance
5%
$158
Other
0%
$0