This property looks like a bad Long-Term investment with a projected -10.08% first-year return on $97,524 initial cash invested.
-10.08%
Cash On Cash
4.57%
Cap Rate
0.72
DSCR
$2,668
Rent
-$819
Cashflow
Cash Flow
$2,668 income − $3,487 expenses = $819 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,524
Downpayment
20%
$92,880
Closing costs
1%
$4,644
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,668
Total Expenses
$3,487
Mortgage P&I
92%
$2,456
Property Taxes
6%
$164
Home Insurance
7%
$174
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0