This property looks like a bad Long-Term investment with a projected -14.86% first-year return on $97,062 initial cash invested.
-14.86%
Cash On Cash
3.68%
Cap Rate
0.57
DSCR
$2,534
Rent
-$1,202
Cashflow
Cash Flow
$2,534 income − $3,736 expenses = $1,202 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,062
Downpayment
20%
$92,440
Closing costs
1%
$4,622
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,534
Total Expenses
$3,736
Mortgage P&I
98%
$2,492
Property Taxes
17%
$419
Home Insurance
7%
$166
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0