This property looks like a bad Long-Term investment with a projected -12.61% first-year return on $96,936 initial cash invested.
-12.61%
Cash On Cash
3.97%
Cap Rate
0.64
DSCR
$2,966
Rent
-$1,019
Cashflow
Cash Flow
$2,966 income − $3,985 expenses = $1,019 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,966
Total Expenses
$3,985
Mortgage P&I
81%
$2,398
Property Taxes
22%
$658
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0