This property looks like a bad Long-Term investment with a projected -13.39% first-year return on $96,600 initial cash invested.
-13.39%
Cash On Cash
3.55%
Cap Rate
0.58
DSCR
$2,070
Rent
-$1,078
Cashflow
Cash Flow
$2,070 income − $3,148 expenses = $1,078 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
$2,070
Total Expenses
$3,148
Mortgage P&I
113%
$2,336
Property Taxes
5%
$112
Home Insurance
8%
$161
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0