This property looks like a bad Long-Term investment with a projected -16.15% first-year return on $97,881 initial cash invested.
-16.15%
Cash On Cash
3.59%
Cap Rate
0.54
DSCR
$2,742
Rent
-$1,317
Cashflow
Cash Flow
$2,742 income − $4,059 expenses = $1,317 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,881
Downpayment
20%
$93,220
Closing costs
1%
$4,661
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,742
Total Expenses
$4,059
Mortgage P&I
94%
$2,573
Property Taxes
22%
$607
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0