This property looks like a bad Long-Term investment with a projected -13.96% first-year return on $97,398 initial cash invested.
-13.96%
Cash On Cash
3.92%
Cap Rate
0.6
DSCR
$2,664
Rent
-$1,133
Cashflow
Cash Flow
$2,664 income − $3,797 expenses = $1,133 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,398
Downpayment
20%
$92,760
Closing costs
1%
$4,638
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,664
Total Expenses
$3,797
Mortgage P&I
94%
$2,516
Property Taxes
15%
$388
Home Insurance
6%
$168
HOA
1%
$33
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0