This property looks like a bad Long-Term investment with a projected -8.92% first-year return on $96,096 initial cash invested.
-8.92%
Cash On Cash
4.94%
Cap Rate
0.77
DSCR
$2,953
Rent
-$714
Cashflow
Cash Flow
$2,953 income − $3,667 expenses = $714 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,096
Downpayment
20%
$91,520
Closing costs
1%
$4,576
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,953
Total Expenses
$3,667
Mortgage P&I
83%
$2,449
Property Taxes
11%
$322
Home Insurance
4%
$128
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0