This property looks like a bad Long-Term investment with a projected -12.56% first-year return on $97,524 initial cash invested.
-12.56%
Cash On Cash
4.3%
Cap Rate
0.65
DSCR
$2,839
Rent
-$1,021
Cashflow
Cash Flow
$2,839 income − $3,860 expenses = $1,021 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,524
Downpayment
20%
$92,880
Closing costs
1%
$4,644
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,839
Total Expenses
$3,860
Mortgage P&I
90%
$2,543
Property Taxes
15%
$415
Home Insurance
6%
$164
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0