This property looks like a bad Long-Term investment with a projected -12.23% first-year return on $96,579 initial cash invested.
-12.23%
Cash On Cash
4.34%
Cap Rate
0.66
DSCR
$2,494
Rent
-$984
Cashflow
Cash Flow
$2,494 income − $3,478 expenses = $984 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,579
Downpayment
20%
$91,980
Closing costs
1%
$4,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,494
Total Expenses
$3,478
Mortgage P&I
101%
$2,524
Property Taxes
6%
$144
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0