This property looks like a bad Long-Term investment with a projected -12.03% first-year return on $97,377 initial cash invested.
-12.03%
Cash On Cash
4.35%
Cap Rate
0.67
DSCR
$2,901
Rent
-$976
Cashflow
Cash Flow
$2,901 income − $3,877 expenses = $976 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,377
Downpayment
20%
$92,740
Closing costs
1%
$4,637
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,901
Total Expenses
$3,877
Mortgage P&I
87%
$2,510
Property Taxes
15%
$447
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0