This property looks like a bad Long-Term investment with a projected -12% first-year return on $96,705 initial cash invested.
-12%
Cash On Cash
3.95%
Cap Rate
0.64
DSCR
$2,594
Rent
-$967
Cashflow
Cash Flow
$2,594 income − $3,561 expenses = $967 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,705
Downpayment
20%
$92,100
Closing costs
1%
$4,605
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,594
Total Expenses
$3,561
Mortgage P&I
91%
$2,351
Property Taxes
14%
$372
Home Insurance
6%
$163
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0