This property looks like a bad Long-Term investment with a projected -16.77% first-year return on $97,398 initial cash invested.
-16.77%
Cash On Cash
3.15%
Cap Rate
0.49
DSCR
$1,918
Rent
-$1,361
Cashflow
Cash Flow
$1,918 income − $3,279 expenses = $1,361 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,398
Downpayment
20%
$92,760
Closing costs
1%
$4,638
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,918
Total Expenses
$3,279
Mortgage P&I
129%
$2,481
Property Taxes
7%
$133
Home Insurance
9%
$166
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0