This property looks like a bad Long-Term investment with a projected -13.82% first-year return on $96,936 initial cash invested.
-13.82%
Cash On Cash
3.94%
Cap Rate
0.61
DSCR
$2,965
Rent
-$1,116
Cashflow
Cash Flow
$2,965 income − $4,081 expenses = $1,116 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,936
Downpayment
20%
$92,320
Closing costs
1%
$4,616
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,965
Total Expenses
$4,081
Mortgage P&I
84%
$2,484
Property Taxes
23%
$670
Home Insurance
5%
$157
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0