This property looks like a bad Long-Term investment with a projected -12.18% first-year return on $96,810 initial cash invested.
-12.18%
Cash On Cash
4.26%
Cap Rate
0.66
DSCR
$2,960
Rent
-$983
Cashflow
Cash Flow
$2,960 income − $3,943 expenses = $983 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,960
Total Expenses
$3,943
Mortgage P&I
84%
$2,473
Property Taxes
18%
$544
Home Insurance
5%
$156
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0