This property looks like a bad Long-Term investment with a projected -10.96% first-year return on $97,335 initial cash invested.
-10.96%
Cash On Cash
4.34%
Cap Rate
0.69
DSCR
$2,968
Rent
-$889
Cashflow
Cash Flow
$2,968 income − $3,857 expenses = $889 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,335
Downpayment
20%
$92,700
Closing costs
1%
$4,635
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,968
Total Expenses
$3,857
Mortgage P&I
81%
$2,418
Property Taxes
17%
$502
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0