This property looks like a bad Long-Term investment with a projected -9.23% first-year return on $97,587 initial cash invested.
-9.23%
Cash On Cash
4.62%
Cap Rate
0.75
DSCR
$3,111
Rent
-$751
Cashflow
Cash Flow
$3,111 income − $3,862 expenses = $751 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,111
Total Expenses
$3,862
Mortgage P&I
77%
$2,384
Property Taxes
16%
$504
Home Insurance
5%
$164
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0