This property looks like a bad Long-Term investment with a projected -15.49% first-year return on $96,621 initial cash invested.
-15.49%
Cash On Cash
3.72%
Cap Rate
0.56
DSCR
$2,663
Rent
-$1,247
Cashflow
Cash Flow
$2,663 income − $3,910 expenses = $1,247 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,621
Downpayment
20%
$92,020
Closing costs
1%
$4,601
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,663
Total Expenses
$3,910
Mortgage P&I
95%
$2,542
Property Taxes
19%
$510
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0