This property looks like a bad Long-Term investment with a projected -10.29% first-year return on $97,482 initial cash invested.
-10.29%
Cash On Cash
4.73%
Cap Rate
0.72
DSCR
$2,822
Rent
-$836
Cashflow
Cash Flow
$2,822 income − $3,658 expenses = $836 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,482
Downpayment
20%
$92,840
Closing costs
1%
$4,642
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,822
Total Expenses
$3,658
Mortgage P&I
89%
$2,523
Property Taxes
8%
$215
Home Insurance
6%
$166
HOA
1%
$21
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0