This property looks like a bad Long-Term investment with a projected -10.43% first-year return on $96,600 initial cash invested.
-10.43%
Cash On Cash
4.75%
Cap Rate
0.72
DSCR
$2,924
Rent
-$840
Cashflow
Cash Flow
$2,924 income − $3,764 expenses = $840 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
$2,924
Total Expenses
$3,764
Mortgage P&I
86%
$2,513
Property Taxes
11%
$308
Home Insurance
6%
$161
HOA
1%
$23
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0