This property looks like a bad Long-Term investment with a projected -12.24% first-year return on $96,936 initial cash invested.
-12.24%
Cash On Cash
4.13%
Cap Rate
0.65
DSCR
$2,784
Rent
-$989
Cashflow
Cash Flow
$2,784 income − $3,773 expenses = $989 out of pocket
Investment Breakdown
|
Purchase Price
$462k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,936
Downpayment
20%
$92,320
Closing costs
1%
$4,616
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,784
Total Expenses
$3,773
Mortgage P&I
88%
$2,437
Property Taxes
16%
$452
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0