This property looks like a bad Long-Term investment with a projected -20.58% first-year return on $96,495 initial cash invested.
-20.58%
Cash On Cash
2.59%
Cap Rate
0.4
DSCR
$3,142
Rent
-$1,655
Cashflow
Cash Flow
$3,142 income − $4,797 expenses = $1,655 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,495
Downpayment
20%
$91,900
Closing costs
1%
$4,595
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,142
Total Expenses
$4,797
Mortgage P&I
79%
$2,488
Property Taxes
15%
$457
Home Insurance
5%
$164
HOA
28%
$871
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$189
Maintenance
5%
$157
Other
0%
$0