This property looks like a bad Long-Term investment with a projected -12.16% first-year return on $97,516 initial cash invested.
-12.16%
Cash On Cash
4.58%
Cap Rate
0.68
DSCR
$3,443
Rent
-$988
Cashflow
Cash Flow
$3,443 income − $4,431 expenses = $988 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,516
Downpayment
20%
$92,872
Closing costs
1%
$4,644
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,443
Total Expenses
$4,431
Mortgage P&I
75%
$2,588
Property Taxes
23%
$786
Home Insurance
5%
$162
HOA
0%
$0
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$207
Maintenance
5%
$172
Other
0%
$0