This property looks like a bad Long-Term investment with a projected -15.94% first-year return on $96,831 initial cash invested.
-15.94%
Cash On Cash
3.34%
Cap Rate
0.52
DSCR
$2,376
Rent
-$1,286
Cashflow
Cash Flow
$2,376 income − $3,662 expenses = $1,286 out of pocket
Investment Breakdown
|
Purchase Price
$461k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,831
Downpayment
20%
$92,220
Closing costs
1%
$4,611
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,376
Total Expenses
$3,662
Mortgage P&I
103%
$2,450
Property Taxes
18%
$430
Home Insurance
7%
$163
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0