This property looks like a bad Long-Term investment with a projected -9.72% first-year return on $96,033 initial cash invested.
-9.72%
Cash On Cash
4.71%
Cap Rate
0.73
DSCR
$2,609
Rent
-$778
Cashflow
Cash Flow
$2,609 income − $3,387 expenses = $778 out of pocket
Investment Breakdown
|
Purchase Price
$457k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,033
Downpayment
20%
$91,460
Closing costs
1%
$4,573
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,609
Total Expenses
$3,387
Mortgage P&I
94%
$2,443
Property Taxes
4%
$98
Home Insurance
6%
$168
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$157
Maintenance
5%
$130
Other
0%
$0