This property looks like a bad Long-Term investment with a projected -12.12% first-year return on $96,411 initial cash invested.
-12.12%
Cash On Cash
4.53%
Cap Rate
0.68
DSCR
$2,972
Rent
-$974
Cashflow
Cash Flow
$2,972 income − $3,946 expenses = $974 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,411
Downpayment
20%
$91,820
Closing costs
1%
$4,591
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,972
Total Expenses
$3,946
Mortgage P&I
86%
$2,559
Property Taxes
15%
$453
Home Insurance
5%
$161
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0