This property looks like a bad Long-Term investment with a projected -10.32% first-year return on $97,923 initial cash invested.
-10.32%
Cash On Cash
4.54%
Cap Rate
0.73
DSCR
$3,455
Rent
-$842
Cashflow
Cash Flow
$3,455 income − $4,297 expenses = $842 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,923
Downpayment
20%
$93,260
Closing costs
1%
$4,663
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,455
Total Expenses
$4,297
Mortgage P&I
70%
$2,435
Property Taxes
23%
$797
Home Insurance
5%
$166
HOA
0%
$0
Property Management
10%
$346
CapEx
5%
$173
Vacancy
6%
$207
Maintenance
5%
$173
Other
0%
$0