This property looks like a bad Long-Term investment with a projected -16.97% first-year return on $97,650 initial cash invested.
-16.97%
Cash On Cash
2.83%
Cap Rate
0.46
DSCR
$2,008
Rent
-$1,381
Cashflow
Cash Flow
$2,008 income − $3,389 expenses = $1,381 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,650
Downpayment
20%
$93,000
Closing costs
1%
$4,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,008
Total Expenses
$3,389
Mortgage P&I
118%
$2,376
Property Taxes
16%
$329
Home Insurance
8%
$163
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0