This property looks like a bad Long-Term investment with a projected -14.84% first-year return on $97,650 initial cash invested.
-14.84%
Cash On Cash
3.77%
Cap Rate
0.57
DSCR
$2,433
Rent
-$1,208
Cashflow
Cash Flow
$2,433 income − $3,641 expenses = $1,208 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
$2,433
Total Expenses
$3,641
Mortgage P&I
105%
$2,546
Property Taxes
12%
$299
Home Insurance
7%
$163
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0