This property looks like a bad Long-Term investment with a projected -21.25% first-year return on $97,020 initial cash invested.
-21.25%
Cash On Cash
2.48%
Cap Rate
0.37
DSCR
$2,275
Rent
-$1,718
Cashflow
Cash Flow
$2,275 income − $3,993 expenses = $1,718 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,275
Total Expenses
$3,993
Mortgage P&I
112%
$2,557
Property Taxes
30%
$680
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0