This property looks like a bad Long-Term investment with a projected -13.06% first-year return on $96,579 initial cash invested.
-13.06%
Cash On Cash
4.1%
Cap Rate
0.63
DSCR
$2,429
Rent
-$1,051
Cashflow
Cash Flow
$2,429 income − $3,480 expenses = $1,051 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,429
Total Expenses
$3,480
Mortgage P&I
103%
$2,501
Property Taxes
8%
$187
Home Insurance
7%
$161
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0