This property looks like a bad Long-Term investment with a projected -12.32% first-year return on $96,222 initial cash invested.
-12.32%
Cash On Cash
4.26%
Cap Rate
0.66
DSCR
$2,882
Rent
-$988
Cashflow
Cash Flow
$2,882 income − $3,870 expenses = $988 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,222
Downpayment
20%
$91,640
Closing costs
1%
$4,582
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,882
Total Expenses
$3,870
Mortgage P&I
86%
$2,471
Property Taxes
17%
$478
Home Insurance
6%
$172
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0