This property looks like a bad Long-Term investment with a projected -19.91% first-year return on $96,978 initial cash invested.
-19.91%
Cash On Cash
2.55%
Cap Rate
0.39
DSCR
$2,021
Rent
-$1,609
Cashflow
Cash Flow
$2,021 income − $3,630 expenses = $1,609 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,978
Downpayment
20%
$92,360
Closing costs
1%
$4,618
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,021
Total Expenses
$3,630
Mortgage P&I
123%
$2,489
Property Taxes
22%
$453
Home Insurance
8%
$163
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0