This property looks like a bad Long-Term investment with a projected -9.48% first-year return on $96,474 initial cash invested.
-9.48%
Cash On Cash
4.63%
Cap Rate
0.75
DSCR
$3,251
Rent
-$762
Cashflow
Cash Flow
$3,251 income − $4,013 expenses = $762 out of pocket
Investment Breakdown
|
Purchase Price
$459k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,474
Downpayment
20%
$91,880
Closing costs
1%
$4,594
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,251
Total Expenses
$4,013
Mortgage P&I
73%
$2,373
Property Taxes
19%
$630
Home Insurance
5%
$164
HOA
0%
$0
Property Management
10%
$325
CapEx
5%
$163
Vacancy
6%
$195
Maintenance
5%
$163
Other
0%
$0