This property looks like a bad Long-Term investment with a projected -18.39% first-year return on $96,978 initial cash invested.
-18.39%
Cash On Cash
2.75%
Cap Rate
0.44
DSCR
$2,238
Rent
-$1,486
Cashflow
Cash Flow
$2,238 income − $3,724 expenses = $1,486 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,978
Downpayment
20%
$92,360
Closing costs
1%
$4,618
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,238
Total Expenses
$3,724
Mortgage P&I
109%
$2,432
Property Taxes
22%
$486
Home Insurance
10%
$224
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0