This property looks like a bad Long-Term investment with a projected -18.1% first-year return on $97,566 initial cash invested.
-18.1%
Cash On Cash
3.14%
Cap Rate
0.47
DSCR
$2,162
Rent
-$1,472
Cashflow
Cash Flow
$2,162 income − $3,634 expenses = $1,472 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,566
Downpayment
20%
$92,920
Closing costs
1%
$4,646
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,162
Total Expenses
$3,634
Mortgage P&I
119%
$2,580
Property Taxes
12%
$269
Home Insurance
8%
$166
HOA
3%
$57
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0