This property looks like a bad Long-Term investment with a projected -11.8% first-year return on $97,125 initial cash invested.
-11.8%
Cash On Cash
4.56%
Cap Rate
0.68
DSCR
$2,713
Rent
-$955
Cashflow
Cash Flow
$2,713 income − $3,668 expenses = $955 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,125
Downpayment
20%
$92,500
Closing costs
1%
$4,625
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,713
Total Expenses
$3,668
Mortgage P&I
95%
$2,575
Property Taxes
8%
$215
Home Insurance
6%
$163
HOA
0%
$9
Property Management
10%
$271
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0