This property looks like a bad Long-Term investment with a projected -14.28% first-year return on $96,999 initial cash invested.
-14.28%
Cash On Cash
3.82%
Cap Rate
0.59
DSCR
$2,609
Rent
-$1,154
Cashflow
Cash Flow
$2,609 income − $3,763 expenses = $1,154 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,999
Downpayment
20%
$92,380
Closing costs
1%
$4,619
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,609
Total Expenses
$3,763
Mortgage P&I
96%
$2,495
Property Taxes
16%
$426
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$157
Maintenance
5%
$130
Other
0%
$0