This property looks like a bad Long-Term investment with a projected -18.23% first-year return on $97,566 initial cash invested.
-18.23%
Cash On Cash
2.54%
Cap Rate
0.42
DSCR
$2,265
Rent
-$1,482
Cashflow
Cash Flow
$2,265 income − $3,747 expenses = $1,482 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,265
Total Expenses
$3,747
Mortgage P&I
104%
$2,354
Property Taxes
28%
$637
Home Insurance
7%
$168
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0