This property looks like a bad Long-Term investment with a projected -15.23% first-year return on $97,209 initial cash invested.
-15.23%
Cash On Cash
3.32%
Cap Rate
0.54
DSCR
$2,676
Rent
-$1,234
Cashflow
Cash Flow
$2,676 income − $3,910 expenses = $1,234 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,209
Downpayment
20%
$92,580
Closing costs
1%
$4,629
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,676
Total Expenses
$3,910
Mortgage P&I
89%
$2,382
Property Taxes
23%
$624
Home Insurance
6%
$166
HOA
2%
$41
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0