This property looks like a bad Long-Term investment with a projected -13.88% first-year return on $96,600 initial cash invested.
-13.88%
Cash On Cash
3.96%
Cap Rate
0.6
DSCR
$2,333
Rent
-$1,117
Cashflow
Cash Flow
$2,333 income − $3,450 expenses = $1,117 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,600
Downpayment
20%
$92,000
Closing costs
1%
$4,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,333
Total Expenses
$3,450
Mortgage P&I
108%
$2,518
Property Taxes
7%
$164
Home Insurance
7%
$161
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0