This property looks like a bad Long-Term investment with a projected -14.74% first-year return on $96,621 initial cash invested.
-14.74%
Cash On Cash
3.8%
Cap Rate
0.58
DSCR
$2,804
Rent
-$1,187
Cashflow
Cash Flow
$2,804 income − $3,991 expenses = $1,187 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,621
Downpayment
20%
$92,020
Closing costs
1%
$4,601
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,804
Total Expenses
$3,991
Mortgage P&I
89%
$2,503
Property Taxes
20%
$574
Home Insurance
7%
$186
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0