This property looks like a bad Long-Term investment with a projected -12.31% first-year return on $97,020 initial cash invested.
-12.31%
Cash On Cash
4.18%
Cap Rate
0.65
DSCR
$2,531
Rent
-$995
Cashflow
Cash Flow
$2,531 income − $3,526 expenses = $995 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,531
Total Expenses
$3,526
Mortgage P&I
98%
$2,477
Property Taxes
9%
$228
Home Insurance
6%
$162
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0