This property looks like a bad Long-Term investment with a projected -23.66% first-year return on $97,209 initial cash invested.
-23.66%
Cash On Cash
1.95%
Cap Rate
0.29
DSCR
$1,662
Rent
-$1,917
Cashflow
Cash Flow
$1,662 income − $3,579 expenses = $1,917 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,209
Downpayment
20%
$92,580
Closing costs
1%
$4,629
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,662
Total Expenses
$3,579
Mortgage P&I
156%
$2,586
Property Taxes
24%
$395
Home Insurance
10%
$166
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0