This property looks like a bad Long-Term investment with a projected -17.91% first-year return on $97,629 initial cash invested.
-17.91%
Cash On Cash
3.2%
Cap Rate
0.48
DSCR
$2,413
Rent
-$1,457
Cashflow
Cash Flow
$2,413 income − $3,870 expenses = $1,457 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,629
Downpayment
20%
$92,980
Closing costs
1%
$4,649
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,413
Total Expenses
$3,870
Mortgage P&I
107%
$2,575
Property Taxes
21%
$500
Home Insurance
7%
$167
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0