This property looks like a bad Long-Term investment with a projected -14.59% first-year return on $96,810 initial cash invested.
-14.59%
Cash On Cash
3.36%
Cap Rate
0.55
DSCR
$2,683
Rent
-$1,177
Cashflow
Cash Flow
$2,683 income − $3,860 expenses = $1,177 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,683
Total Expenses
$3,860
Mortgage P&I
87%
$2,334
Property Taxes
25%
$673
Home Insurance
6%
$156
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0