This property looks like a bad Long-Term investment with a projected -14.17% first-year return on $97,104 initial cash invested.
-14.17%
Cash On Cash
3.86%
Cap Rate
0.6
DSCR
$2,843
Rent
-$1,147
Cashflow
Cash Flow
$2,843 income − $3,990 expenses = $1,147 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,104
Downpayment
20%
$92,480
Closing costs
1%
$4,624
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,843
Total Expenses
$3,990
Mortgage P&I
88%
$2,494
Property Taxes
17%
$478
Home Insurance
6%
$173
HOA
4%
$106
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0