This property looks like a bad Long-Term investment with a projected -11.46% first-year return on $97,104 initial cash invested.
-11.46%
Cash On Cash
4.5%
Cap Rate
0.7
DSCR
$3,411
Rent
-$927
Cashflow
Cash Flow
$3,411 income − $4,338 expenses = $927 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,104
Downpayment
20%
$92,480
Closing costs
1%
$4,624
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,411
Total Expenses
$4,338
Mortgage P&I
73%
$2,489
Property Taxes
24%
$811
Home Insurance
4%
$150
HOA
0%
$0
Property Management
10%
$341
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0