This property looks like a bad Long-Term investment with a projected -15.96% first-year return on $96,600 initial cash invested.
-15.96%
Cash On Cash
3.4%
Cap Rate
0.53
DSCR
$2,417
Rent
-$1,285
Cashflow
Cash Flow
$2,417 income − $3,702 expenses = $1,285 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,417
Total Expenses
$3,702
Mortgage P&I
102%
$2,467
Property Taxes
18%
$445
Home Insurance
7%
$161
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0