This property looks like a bad Long-Term investment with a projected -15.78% first-year return on $97,020 initial cash invested.
-15.78%
Cash On Cash
3.11%
Cap Rate
0.51
DSCR
$2,349
Rent
-$1,276
Cashflow
Cash Flow
$2,349 income − $3,625 expenses = $1,276 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,020
Downpayment
20%
$92,400
Closing costs
1%
$4,620
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,349
Total Expenses
$3,625
Mortgage P&I
100%
$2,355
Property Taxes
21%
$492
Home Insurance
7%
$168
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0