This property looks like a bad Long-Term investment with a projected -14.28% first-year return on $97,629 initial cash invested.
-14.28%
Cash On Cash
3.46%
Cap Rate
0.57
DSCR
$2,989
Rent
-$1,162
Cashflow
Cash Flow
$2,989 income − $4,151 expenses = $1,162 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,629
Downpayment
20%
$92,980
Closing costs
1%
$4,649
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,989
Total Expenses
$4,151
Mortgage P&I
79%
$2,353
Property Taxes
28%
$832
Home Insurance
5%
$161
HOA
1%
$29
Property Management
10%
$299
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0