This property looks like a bad Long-Term investment with a projected -11.96% first-year return on $96,600 initial cash invested.
-11.96%
Cash On Cash
4.33%
Cap Rate
0.67
DSCR
$2,813
Rent
-$963
Cashflow
Cash Flow
$2,813 income − $3,776 expenses = $963 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,600
Downpayment
20%
$92,000
Closing costs
1%
$4,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,813
Total Expenses
$3,776
Mortgage P&I
88%
$2,481
Property Taxes
14%
$402
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0