This property looks like a bad Long-Term investment with a projected -12.11% first-year return on $96,915 initial cash invested.
-12.11%
Cash On Cash
4.31%
Cap Rate
0.67
DSCR
$3,046
Rent
-$978
Cashflow
Cash Flow
$3,046 income − $4,024 expenses = $978 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,915
Downpayment
20%
$92,300
Closing costs
1%
$4,615
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,046
Total Expenses
$4,024
Mortgage P&I
82%
$2,483
Property Taxes
18%
$545
Home Insurance
5%
$166
HOA
1%
$38
Property Management
10%
$305
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0