This property looks like a bad Long-Term investment with a projected -9.97% first-year return on $97,566 initial cash invested.
-9.97%
Cash On Cash
4.54%
Cap Rate
0.73
DSCR
$3,002
Rent
-$811
Cashflow
Cash Flow
$3,002 income − $3,813 expenses = $811 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,566
Downpayment
20%
$92,920
Closing costs
1%
$4,646
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,002
Total Expenses
$3,813
Mortgage P&I
81%
$2,420
Property Taxes
15%
$461
Home Insurance
5%
$152
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0