This property looks like a bad Long-Term investment with a projected -14.12% first-year return on $97,650 initial cash invested.
-14.12%
Cash On Cash
3.94%
Cap Rate
0.6
DSCR
$2,544
Rent
-$1,149
Cashflow
Cash Flow
$2,544 income − $3,693 expenses = $1,149 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,544
Total Expenses
$3,693
Mortgage P&I
100%
$2,550
Property Taxes
13%
$319
Home Insurance
6%
$163
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0