This property looks like a bad Long-Term investment with a projected -16.72% first-year return on $97,923 initial cash invested.
-16.72%
Cash On Cash
3.5%
Cap Rate
0.53
DSCR
$2,918
Rent
-$1,364
Cashflow
Cash Flow
$2,918 income − $4,282 expenses = $1,364 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,923
Downpayment
20%
$93,260
Closing costs
1%
$4,663
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,918
Total Expenses
$4,282
Mortgage P&I
88%
$2,579
Property Taxes
27%
$778
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0