This property looks like a bad Long-Term investment with a projected -18.47% first-year return on $97,797 initial cash invested.
-18.47%
Cash On Cash
3.03%
Cap Rate
0.46
DSCR
$2,254
Rent
-$1,505
Cashflow
Cash Flow
$2,254 income − $3,759 expenses = $1,505 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,797
Downpayment
20%
$93,140
Closing costs
1%
$4,657
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,254
Total Expenses
$3,759
Mortgage P&I
114%
$2,567
Property Taxes
19%
$431
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0