This property looks like a bad Long-Term investment with a projected -9.98% first-year return on $97,293 initial cash invested.
-9.98%
Cash On Cash
4.39%
Cap Rate
0.72
DSCR
$3,002
Rent
-$809
Cashflow
Cash Flow
$3,002 income − $3,811 expenses = $809 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,293
Downpayment
20%
$92,660
Closing costs
1%
$4,633
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,002
Total Expenses
$3,811
Mortgage P&I
78%
$2,355
Property Taxes
17%
$502
Home Insurance
5%
$164
HOA
0%
$10
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0