This property looks like a bad Long-Term investment with a projected -17.43% first-year return on $97,650 initial cash invested.
-17.43%
Cash On Cash
2.66%
Cap Rate
0.44
DSCR
$2,105
Rent
-$1,418
Cashflow
Cash Flow
$2,105 income − $3,523 expenses = $1,418 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,105
Total Expenses
$3,523
Mortgage P&I
111%
$2,345
Property Taxes
22%
$469
Home Insurance
8%
$163
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0