This property looks like a bad Long-Term investment with a projected -14.52% first-year return on $97,629 initial cash invested.
-14.52%
Cash On Cash
3.79%
Cap Rate
0.58
DSCR
$2,455
Rent
-$1,181
Cashflow
Cash Flow
$2,455 income − $3,636 expenses = $1,181 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,629
Downpayment
20%
$92,980
Closing costs
1%
$4,649
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,455
Total Expenses
$3,636
Mortgage P&I
103%
$2,526
Property Taxes
13%
$308
Home Insurance
7%
$163
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0