This property looks like a bad Long-Term investment with a projected -15.97% first-year return on $97,671 initial cash invested.
-15.97%
Cash On Cash
3.55%
Cap Rate
0.54
DSCR
$2,523
Rent
-$1,300
Cashflow
Cash Flow
$2,523 income − $3,823 expenses = $1,300 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,671
Downpayment
20%
$93,020
Closing costs
1%
$4,651
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,523
Total Expenses
$3,823
Mortgage P&I
101%
$2,548
Property Taxes
18%
$456
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0