This property looks like a bad Long-Term investment with a projected -14.4% first-year return on $97,650 initial cash invested.
-14.4%
Cash On Cash
3.79%
Cap Rate
0.58
DSCR
$2,215
Rent
-$1,172
Cashflow
Cash Flow
$2,215 income − $3,387 expenses = $1,172 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,215
Total Expenses
$3,387
Mortgage P&I
114%
$2,531
Property Taxes
5%
$112
Home Insurance
7%
$163
HOA
0%
$4
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0