This property looks like a bad Long-Term investment with a projected -15.03% first-year return on $96,579 initial cash invested.
-15.03%
Cash On Cash
3.83%
Cap Rate
0.57
DSCR
$2,211
Rent
-$1,210
Cashflow
Cash Flow
$2,211 income − $3,421 expenses = $1,210 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,211
Total Expenses
$3,421
Mortgage P&I
116%
$2,566
Property Taxes
5%
$115
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0