This property looks like a bad Long-Term investment with a projected -13.27% first-year return on $97,125 initial cash invested.
-13.27%
Cash On Cash
4.08%
Cap Rate
0.63
DSCR
$2,705
Rent
-$1,074
Cashflow
Cash Flow
$2,705 income − $3,779 expenses = $1,074 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,125
Downpayment
20%
$92,500
Closing costs
1%
$4,625
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,705
Total Expenses
$3,779
Mortgage P&I
93%
$2,513
Property Taxes
15%
$403
Home Insurance
6%
$161
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0