This property looks like a bad Long-Term investment with a projected -10.75% first-year return on $96,768 initial cash invested.
-10.75%
Cash On Cash
4.78%
Cap Rate
0.72
DSCR
$2,897
Rent
-$867
Cashflow
Cash Flow
$2,897 income − $3,764 expenses = $867 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,768
Downpayment
20%
$92,160
Closing costs
1%
$4,608
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,897
Total Expenses
$3,764
Mortgage P&I
88%
$2,558
Property Taxes
9%
$251
Home Insurance
6%
$164
HOA
1%
$37
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0