This property looks like a bad Long-Term investment with a projected -11.85% first-year return on $96,579 initial cash invested.
-11.85%
Cash On Cash
4.5%
Cap Rate
0.68
DSCR
$2,881
Rent
-$954
Cashflow
Cash Flow
$2,881 income − $3,835 expenses = $954 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,881
Total Expenses
$3,835
Mortgage P&I
88%
$2,535
Property Taxes
14%
$402
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0