This property looks like a bad Long-Term investment with a projected -16.25% first-year return on $97,545 initial cash invested.
-16.25%
Cash On Cash
3.27%
Cap Rate
0.51
DSCR
$2,331
Rent
-$1,321
Cashflow
Cash Flow
$2,331 income − $3,652 expenses = $1,321 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,545
Downpayment
20%
$92,900
Closing costs
1%
$4,645
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,331
Total Expenses
$3,652
Mortgage P&I
106%
$2,468
Property Taxes
18%
$414
Home Insurance
7%
$163
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0