This property looks like a bad Long-Term investment with a projected -17.08% first-year return on $97,314 initial cash invested.
-17.08%
Cash On Cash
3.24%
Cap Rate
0.49
DSCR
$2,068
Rent
-$1,385
Cashflow
Cash Flow
$2,068 income − $3,453 expenses = $1,385 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,314
Downpayment
20%
$92,680
Closing costs
1%
$4,634
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,068
Total Expenses
$3,453
Mortgage P&I
123%
$2,534
Property Taxes
2%
$39
Home Insurance
8%
$164
HOA
9%
$179
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0