This property looks like a bad Long-Term investment with a projected -12.86% first-year return on $97,314 initial cash invested.
-12.86%
Cash On Cash
4.16%
Cap Rate
0.64
DSCR
$2,636
Rent
-$1,043
Cashflow
Cash Flow
$2,636 income − $3,679 expenses = $1,043 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,314
Downpayment
20%
$92,680
Closing costs
1%
$4,634
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,636
Total Expenses
$3,679
Mortgage P&I
96%
$2,518
Property Taxes
12%
$305
Home Insurance
6%
$163
HOA
0%
$7
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0