This property looks like a bad Long-Term investment with a projected -22.05% first-year return on $97,650 initial cash invested.
-22.05%
Cash On Cash
2.38%
Cap Rate
0.35
DSCR
$1,935
Rent
-$1,794
Cashflow
Cash Flow
$1,935 income − $3,729 expenses = $1,794 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,935
Total Expenses
$3,729
Mortgage P&I
135%
$2,620
Property Taxes
13%
$252
Home Insurance
8%
$163
HOA
10%
$190
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0