This property looks like a bad Long-Term investment with a projected -16.1% first-year return on $97,650 initial cash invested.
-16.1%
Cash On Cash
3.46%
Cap Rate
0.53
DSCR
$2,148
Rent
-$1,310
Cashflow
Cash Flow
$2,148 income − $3,458 expenses = $1,310 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
$2,148
Total Expenses
$3,458
Mortgage P&I
118%
$2,545
Property Taxes
9%
$192
Home Insurance
8%
$163
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0