This property looks like a bad Long-Term investment with a projected -14.66% first-year return on $97,020 initial cash invested.
-14.66%
Cash On Cash
3.81%
Cap Rate
0.58
DSCR
$2,517
Rent
-$1,185
Cashflow
Cash Flow
$2,517 income − $3,702 expenses = $1,185 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,020
Downpayment
20%
$92,400
Closing costs
1%
$4,620
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,517
Total Expenses
$3,702
Mortgage P&I
100%
$2,524
Property Taxes
14%
$361
Home Insurance
6%
$162
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0