This property looks like a bad Long-Term investment with a projected -15.76% first-year return on $97,923 initial cash invested.
-15.76%
Cash On Cash
3.6%
Cap Rate
0.55
DSCR
$2,926
Rent
-$1,286
Cashflow
Cash Flow
$2,926 income − $4,212 expenses = $1,286 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,923
Downpayment
20%
$93,260
Closing costs
1%
$4,663
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,926
Total Expenses
$4,212
Mortgage P&I
87%
$2,539
Property Taxes
26%
$746
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0