This property looks like a bad Long-Term investment with a projected -7% first-year return on $97,734 initial cash invested.
-7%
Cash On Cash
5.52%
Cap Rate
0.84
DSCR
$3,380
Rent
-$570
Cashflow
Cash Flow
$3,380 income − $3,950 expenses = $570 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,734
Downpayment
20%
$93,080
Closing costs
1%
$4,654
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,380
Total Expenses
$3,950
Mortgage P&I
75%
$2,540
Property Taxes
10%
$347
Home Insurance
5%
$184
HOA
0%
$0
Property Management
10%
$338
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0