This property looks like a bad Long-Term investment with a projected -8.45% first-year return on $97,524 initial cash invested.
-8.45%
Cash On Cash
4.92%
Cap Rate
0.78
DSCR
$3,166
Rent
-$687
Cashflow
Cash Flow
$3,166 income − $3,853 expenses = $687 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,524
Downpayment
20%
$92,880
Closing costs
1%
$4,644
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,166
Total Expenses
$3,853
Mortgage P&I
77%
$2,432
Property Taxes
14%
$435
Home Insurance
5%
$163
HOA
0%
$0
Property Management
10%
$317
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0