This property looks like a bad Long-Term investment with a projected -14.51% first-year return on $97,356 initial cash invested.
-14.51%
Cash On Cash
3.84%
Cap Rate
0.59
DSCR
$2,854
Rent
-$1,177
Cashflow
Cash Flow
$2,854 income − $4,031 expenses = $1,177 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,356
Downpayment
20%
$92,720
Closing costs
1%
$4,636
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,854
Total Expenses
$4,031
Mortgage P&I
88%
$2,519
Property Taxes
21%
$606
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0