This property looks like a bad Long-Term investment with a projected -11.85% first-year return on $97,440 initial cash invested.
-11.85%
Cash On Cash
4.49%
Cap Rate
0.68
DSCR
$2,824
Rent
-$962
Cashflow
Cash Flow
$2,824 income − $3,786 expenses = $962 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,440
Downpayment
20%
$92,800
Closing costs
1%
$4,640
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,824
Total Expenses
$3,786
Mortgage P&I
91%
$2,556
Property Taxes
12%
$335
Home Insurance
6%
$162
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0