This property looks like a bad Long-Term investment with a projected -16.66% first-year return on $96,600 initial cash invested.
-16.66%
Cash On Cash
2.93%
Cap Rate
0.48
DSCR
$2,545
Rent
-$1,341
Cashflow
Cash Flow
$2,545 income − $3,886 expenses = $1,341 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,545
Total Expenses
$3,886
Mortgage P&I
92%
$2,338
Property Taxes
29%
$726
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0