This property looks like a bad Long-Term investment with a projected -14.46% first-year return on $97,587 initial cash invested.
-14.46%
Cash On Cash
3.92%
Cap Rate
0.59
DSCR
$2,499
Rent
-$1,176
Cashflow
Cash Flow
$2,499 income − $3,675 expenses = $1,176 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,587
Downpayment
20%
$92,940
Closing costs
1%
$4,647
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,499
Total Expenses
$3,675
Mortgage P&I
103%
$2,568
Property Taxes
12%
$294
Home Insurance
7%
$163
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0