This property looks like a bad Long-Term investment with a projected -13.11% first-year return on $96,579 initial cash invested.
-13.11%
Cash On Cash
3.97%
Cap Rate
0.62
DSCR
$2,676
Rent
-$1,055
Cashflow
Cash Flow
$2,676 income − $3,731 expenses = $1,055 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
$2,676
Total Expenses
$3,731
Mortgage P&I
91%
$2,444
Property Taxes
16%
$429
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0