This property looks like a bad Long-Term investment with a projected -10.49% first-year return on $97,923 initial cash invested.
-10.49%
Cash On Cash
4.59%
Cap Rate
0.72
DSCR
$2,977
Rent
-$856
Cashflow
Cash Flow
$2,977 income − $3,833 expenses = $856 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,977
Total Expenses
$3,833
Mortgage P&I
84%
$2,492
Property Taxes
14%
$403
Home Insurance
5%
$163
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0