This property looks like a bad Long-Term investment with a projected -15.83% first-year return on $97,713 initial cash invested.
-15.83%
Cash On Cash
3.08%
Cap Rate
0.5
DSCR
$1,984
Rent
-$1,289
Cashflow
Cash Flow
$1,984 income − $3,273 expenses = $1,289 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,713
Downpayment
20%
$93,060
Closing costs
1%
$4,653
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,984
Total Expenses
$3,273
Mortgage P&I
120%
$2,386
Property Taxes
10%
$204
Home Insurance
8%
$168
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0