This property looks like a bad Long-Term investment with a projected -12.31% first-year return on $96,495 initial cash invested.
-12.31%
Cash On Cash
4.22%
Cap Rate
0.66
DSCR
$3,077
Rent
-$990
Cashflow
Cash Flow
$3,077 income − $4,067 expenses = $990 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,077
Total Expenses
$4,067
Mortgage P&I
80%
$2,450
Property Taxes
21%
$652
Home Insurance
5%
$164
HOA
0%
$0
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0