This property looks like a bad Long-Term investment with a projected -18.15% first-year return on $97,650 initial cash invested.
-18.15%
Cash On Cash
3.23%
Cap Rate
0.48
DSCR
$2,479
Rent
-$1,477
Cashflow
Cash Flow
$2,479 income − $3,956 expenses = $1,477 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,479
Total Expenses
$3,956
Mortgage P&I
105%
$2,606
Property Taxes
22%
$542
Home Insurance
7%
$163
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0