This property looks like a bad Long-Term investment with a projected -10.07% first-year return on $97,335 initial cash invested.
-10.07%
Cash On Cash
4.83%
Cap Rate
0.74
DSCR
$3,086
Rent
-$817
Cashflow
Cash Flow
$3,086 income − $3,903 expenses = $817 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,335
Downpayment
20%
$92,700
Closing costs
1%
$4,635
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,086
Total Expenses
$3,903
Mortgage P&I
82%
$2,529
Property Taxes
14%
$439
Home Insurance
4%
$133
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0