This property looks like a bad Long-Term investment with a projected -6.47% first-year return on $97,314 initial cash invested.
-6.47%
Cash On Cash
5.25%
Cap Rate
0.85
DSCR
$3,145
Rent
-$525
Cashflow
Cash Flow
$3,145 income − $3,670 expenses = $525 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,314
Downpayment
20%
$92,680
Closing costs
1%
$4,634
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,145
Total Expenses
$3,670
Mortgage P&I
76%
$2,394
Property Taxes
10%
$301
Home Insurance
5%
$158
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$189
Maintenance
5%
$157
Other
0%
$0