This property looks like a bad Long-Term investment with a projected -13.33% first-year return on $97,650 initial cash invested.
-13.33%
Cash On Cash
4.07%
Cap Rate
0.62
DSCR
$2,285
Rent
-$1,085
Cashflow
Cash Flow
$2,285 income − $3,370 expenses = $1,085 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
$2,285
Total Expenses
$3,370
Mortgage P&I
112%
$2,549
Property Taxes
3%
$65
Home Insurance
7%
$163
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0