This property looks like a bad Long-Term investment with a projected -13.42% first-year return on $96,579 initial cash invested.
-13.42%
Cash On Cash
4.21%
Cap Rate
0.63
DSCR
$2,796
Rent
-$1,080
Cashflow
Cash Flow
$2,796 income − $3,876 expenses = $1,080 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,796
Total Expenses
$3,876
Mortgage P&I
91%
$2,555
Property Taxes
14%
$389
Home Insurance
6%
$161
HOA
2%
$43
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0