This property looks like a bad Long-Term investment with a projected -11.38% first-year return on $96,075 initial cash invested.
-11.38%
Cash On Cash
4.3%
Cap Rate
0.68
DSCR
$3,057
Rent
-$911
Cashflow
Cash Flow
$3,057 income − $3,968 expenses = $911 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,075
Downpayment
20%
$91,500
Closing costs
1%
$4,575
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,057
Total Expenses
$3,968
Mortgage P&I
78%
$2,399
Property Taxes
20%
$613
Home Insurance
5%
$161
HOA
0%
$0
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0