This property looks like a bad Long-Term investment with a projected -13.3% first-year return on $96,180 initial cash invested.
-13.3%
Cash On Cash
4.01%
Cap Rate
0.62
DSCR
$2,471
Rent
-$1,066
Cashflow
Cash Flow
$2,471 income − $3,537 expenses = $1,066 out of pocket
Investment Breakdown
|
Purchase Price
$458k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,180
Downpayment
20%
$91,600
Closing costs
1%
$4,580
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,471
Total Expenses
$3,537
Mortgage P&I
100%
$2,472
Property Taxes
11%
$262
Home Insurance
6%
$160
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0