This property looks like a bad Long-Term investment with a projected -16.94% first-year return on $97,545 initial cash invested.
-16.94%
Cash On Cash
3.24%
Cap Rate
0.5
DSCR
$1,998
Rent
-$1,377
Cashflow
Cash Flow
$1,998 income − $3,375 expenses = $1,377 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,545
Downpayment
20%
$92,900
Closing costs
1%
$4,645
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,998
Total Expenses
$3,375
Mortgage P&I
127%
$2,530
Property Taxes
7%
$140
Home Insurance
8%
$168
HOA
1%
$17
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0