This property looks like a bad Long-Term investment with a projected -11.39% first-year return on $96,789 initial cash invested.
-11.39%
Cash On Cash
4.12%
Cap Rate
0.67
DSCR
$2,830
Rent
-$919
Cashflow
Cash Flow
$2,830 income − $3,749 expenses = $919 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,789
Downpayment
20%
$92,180
Closing costs
1%
$4,609
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,830
Total Expenses
$3,749
Mortgage P&I
83%
$2,360
Property Taxes
17%
$486
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0