This property looks like a bad Long-Term investment with a projected -4.44% first-year return on $97,230 initial cash invested.
-4.44%
Cash On Cash
5.67%
Cap Rate
0.93
DSCR
$4,064
Rent
-$360
Cashflow
Cash Flow
$4,064 income − $4,424 expenses = $360 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,230
Downpayment
20%
$92,600
Closing costs
1%
$4,630
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,064
Total Expenses
$4,424
Mortgage P&I
58%
$2,346
Property Taxes
21%
$860
Home Insurance
4%
$162
HOA
0%
$0
Property Management
10%
$406
CapEx
5%
$203
Vacancy
6%
$244
Maintenance
5%
$203
Other
0%
$0