This property looks like a bad Long-Term investment with a projected -20.92% first-year return on $96,810 initial cash invested.
-20.92%
Cash On Cash
2.61%
Cap Rate
0.39
DSCR
$1,986
Rent
-$1,688
Cashflow
Cash Flow
$1,986 income − $3,674 expenses = $1,688 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,810
Downpayment
20%
$92,200
Closing costs
1%
$4,610
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,986
Total Expenses
$3,674
Mortgage P&I
131%
$2,592
Property Taxes
14%
$286
Home Insurance
14%
$280
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0