This property looks like a bad Long-Term investment with a projected -16.59% first-year return on $96,873 initial cash invested.
-16.59%
Cash On Cash
3.04%
Cap Rate
0.5
DSCR
$2,954
Rent
-$1,339
Cashflow
Cash Flow
$2,954 income − $4,293 expenses = $1,339 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,873
Downpayment
20%
$92,260
Closing costs
1%
$4,613
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,954
Total Expenses
$4,293
Mortgage P&I
80%
$2,360
Property Taxes
34%
$999
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0