This property looks like a bad Long-Term investment with a projected -4.11% first-year return on $96,327 initial cash invested.
-4.11%
Cash On Cash
6.07%
Cap Rate
0.93
DSCR
$3,310
Rent
-$330
Cashflow
Cash Flow
$3,310 income − $3,640 expenses = $330 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,327
Downpayment
20%
$91,740
Closing costs
1%
$4,587
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,310
Total Expenses
$3,640
Mortgage P&I
75%
$2,486
Property Taxes
3%
$114
Home Insurance
5%
$170
HOA
0%
$8
Property Management
10%
$331
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0