This property looks like a bad Long-Term investment with a projected -15.55% first-year return on $97,251 initial cash invested.
-15.55%
Cash On Cash
3.41%
Cap Rate
0.54
DSCR
$2,611
Rent
-$1,260
Cashflow
Cash Flow
$2,611 income − $3,871 expenses = $1,260 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,251
Downpayment
20%
$92,620
Closing costs
1%
$4,631
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,611
Total Expenses
$3,871
Mortgage P&I
94%
$2,444
Property Taxes
22%
$581
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0