This property looks like a bad Long-Term investment with a projected -15.12% first-year return on $96,663 initial cash invested.
-15.12%
Cash On Cash
3.65%
Cap Rate
0.56
DSCR
$2,618
Rent
-$1,218
Cashflow
Cash Flow
$2,618 income − $3,836 expenses = $1,218 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,663
Downpayment
20%
$92,060
Closing costs
1%
$4,603
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,618
Total Expenses
$3,836
Mortgage P&I
95%
$2,488
Property Taxes
19%
$506
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0