This property looks like a bad Long-Term investment with a projected -13.93% first-year return on $97,923 initial cash invested.
-13.93%
Cash On Cash
3.97%
Cap Rate
0.61
DSCR
$3,017
Rent
-$1,137
Cashflow
Cash Flow
$3,017 income − $4,154 expenses = $1,137 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,923
Downpayment
20%
$93,260
Closing costs
1%
$4,663
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,017
Total Expenses
$4,154
Mortgage P&I
84%
$2,529
Property Taxes
23%
$679
Home Insurance
5%
$161
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0