This property looks like a bad Long-Term investment with a projected -15.88% first-year return on $96,600 initial cash invested.
-15.88%
Cash On Cash
3.7%
Cap Rate
0.55
DSCR
$2,715
Rent
-$1,278
Cashflow
Cash Flow
$2,715 income − $3,993 expenses = $1,278 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,715
Total Expenses
$3,993
Mortgage P&I
94%
$2,562
Property Taxes
21%
$566
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0