This property looks like a bad Long-Term investment with a projected -14.9% first-year return on $97,314 initial cash invested.
-14.9%
Cash On Cash
3.95%
Cap Rate
0.58
DSCR
$2,488
Rent
-$1,208
Cashflow
Cash Flow
$2,488 income − $3,696 expenses = $1,208 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,488
Total Expenses
$3,696
Mortgage P&I
105%
$2,610
Property Taxes
11%
$276
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0