This property looks like a bad Long-Term investment with a projected -12.36% first-year return on $97,293 initial cash invested.
-12.36%
Cash On Cash
4.31%
Cap Rate
0.66
DSCR
$2,840
Rent
-$1,002
Cashflow
Cash Flow
$2,840 income − $3,842 expenses = $1,002 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,293
Downpayment
20%
$92,660
Closing costs
1%
$4,633
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,840
Total Expenses
$3,842
Mortgage P&I
89%
$2,524
Property Taxes
14%
$408
Home Insurance
6%
$172
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0