This property looks like a bad Long-Term investment with a projected -11.4% first-year return on $96,096 initial cash invested.
-11.4%
Cash On Cash
4.11%
Cap Rate
0.67
DSCR
$2,488
Rent
-$913
Cashflow
Cash Flow
$2,488 income − $3,401 expenses = $913 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,096
Downpayment
20%
$91,520
Closing costs
1%
$4,576
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,488
Total Expenses
$3,401
Mortgage P&I
95%
$2,358
Property Taxes
9%
$231
Home Insurance
7%
$166
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0