This property looks like a bad Long-Term investment with a projected -17.21% first-year return on $96,579 initial cash invested.
-17.21%
Cash On Cash
3.12%
Cap Rate
0.48
DSCR
$2,283
Rent
-$1,385
Cashflow
Cash Flow
$2,283 income − $3,668 expenses = $1,385 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,283
Total Expenses
$3,668
Mortgage P&I
108%
$2,466
Property Taxes
20%
$448
Home Insurance
7%
$161
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0