This property looks like a bad Long-Term investment with a projected -11.97% first-year return on $97,377 initial cash invested.
-11.97%
Cash On Cash
4.49%
Cap Rate
0.68
DSCR
$2,879
Rent
-$971
Cashflow
Cash Flow
$2,879 income − $3,850 expenses = $971 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,377
Downpayment
20%
$92,740
Closing costs
1%
$4,637
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,879
Total Expenses
$3,850
Mortgage P&I
89%
$2,562
Property Taxes
9%
$270
Home Insurance
6%
$186
HOA
3%
$83
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0