This property looks like a bad Long-Term investment with a projected -10.02% first-year return on $96,075 initial cash invested.
-10.02%
Cash On Cash
4.78%
Cap Rate
0.73
DSCR
$2,718
Rent
-$802
Cashflow
Cash Flow
$2,718 income − $3,520 expenses = $802 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,075
Downpayment
20%
$91,500
Closing costs
1%
$4,575
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,718
Total Expenses
$3,520
Mortgage P&I
92%
$2,489
Property Taxes
6%
$158
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0